Category: Economy

  • MIL-OSI Australia: Doorstop – University of New South Wales

    Source: Murray Darling Basin Authority

    JASON CLARE, MINISTER FOR EDUCATION: G’ day, everybody. It’s great to be here at the University of New South Wales, my old university that I went to last century, to talk about the things that we’re doing to build a better and a fairer education system this century. 

    There are big things happening in education. Today the Prime Minister has released numbers that show that our cheaper child care laws are delivering thousands of dollars in savings for the average family. The data he’s released today shows that for an average family with a child in child care three days a week, they’ve saved about $7,000 dollars over the last two years. That’s $7,000 dollars less that they’ve had to spend on child care than they otherwise would because of the reforms that we put in place a couple of years ago. 

    In school education, we’re driving big reform as well. We’re fixing the funding of our public schools with the biggest new investment in public education by an Australian Government ever, something like $16.5 billion extra that we’re investing in public schools over the next decade. And later this week, on Friday, I’ll convene the first meeting of Education Ministers since the election. One of the things that will be on the agenda for us to discuss is the implementation of that agreement, the next steps in making sure that this funding is linked to reform, and that that reform drives the sort of outcomes that we all want. Fundamentally, more young people finishing high school and then going on to TAFE or going on to university. 

    Which brings me to the big reforms that are happening in higher education. Next week, paid prac will start for the first time. That’s financial support from the Commonwealth Government to help teaching students, nursing students, midwifery students and social work students while they do practical part of their degree. A bit of financial support to help them while they’re doing their practical training. It’s never happened before. It’s one of the recommendations that came out of the Universities Accord, which is a blueprint for how we reform our higher education system over the next decade and beyond. 

    And today, some more good news. Today, some data has been released by my department that shows that the number of Aussie students starting a university degree are bouncing back big time. The data that we’ve released today shows that when you take out the two years of COVID, which are a bit of an anomaly because people went to university during that period of time at record numbers, when you take out those two years of COVID, the number of Australian students starting an undergraduate or a postgraduate degree this year looks set to be the highest on record. And that’s a good thing. We want more people to finish school. We want more people to be able to go to TAFE or go to university, get the skills that they need. We want more Aussies to get more skills and to be able to get the careers of their dreams. 

    And the young people that I’ve had a chance to speak to today are just a couple of examples of people who are building the life of their dreams through the work that they’re doing here at my old university, the University of New South Wales, studying everything from medicine to law to chemistry to software engineering. I forgot one other – economics and maths. All fortunate recipients of the Gateway Program here at the University of New South Wales, which is helping a lot of young people from underrepresented groups to get a crack at going to university. This program, in a nutshell, is everything that I’m about, making sure that more kids, like the kid that I was growing up in Western Sydney, get a crack at going to university and build the career of their dreams. So, to tell their story rather than mine, can I ask Sam to tell us a little bit about yourself, what you’re doing and why the Gateway Program is so important for you?

    SAM: Brilliant. Thank you, Jason. So, yeah, I came from a country town called Goulburn, so near Canberra. And I think the thing is that most people in Goulburn don’t typically leave Goulburn. And although I love Goulburn, I did want to move on and so I fell in love with UNSW. I remember one day in September; I made the two hour trip on the train all the way up to the Open Day and I knew as soon as I got here that that’s exactly what I wanted to do. And so, I just needed to figure out actually how to get here. And that was through the Gateway Program. So, then I made my way up to UNSW after HSC and I’m now doing a Bachelor of Advanced Science majoring in chemistry. I absolutely love it. It’s the best decision I could have made for myself. And I think I can thank my high school teachers, but also the lecturers here at the university for that, because it’s been just such a great experience. And even more so, I now get to give back to the Gateway Program, which helped me get here with my fellow ambassadors, as I am now also a Gateway Ambassador. I get to go to schools; I get to talk to kids and just show them exactly what university education can be like.

    CLARE: Thanks mate, reminds me, I’ve got to buy myself a new hoodie. Over to you.

    JOURNALIST: You mentioned the record number that we’re seeing apart from COVID and there’s been a particular boost in teaching and nursing. Do you think that could be partially attributed to the placements coming into effect next week?

    CLARE: I think it’s part of it. Over the course of the last few years, a couple of things have happened, particularly to encourage more people to want to be a school teacher. There’s been big pay rises announced for new teachers here in New South Wales, but also in South Australia, in WA and the Northern Territory. There’s been a lot of work to try and reduce the unnecessary workload or burden that we place on school teachers to give them more time to teach. We ran a campaign a little over a year ago called ‘Be that Teacher’, which was really about sending a message to the whole country about how important our school teachers are. This is the most important job in the world. One of the great things I got out of our conversation a little while ago is that all of the young people I spoke to today, whether they’re thinking about becoming a lawyer or a doctor or a software engineer or an economist, are also thinking about becoming a teacher. And how they could do that either someday here at university or in the classroom of our schools. 

    The scholarships that we’re rolling out, $40,000 dollar scholarships to encourage people to become a school teacher, are working. I think that’s a big part of it, but paid prac is important as well. The other thing that’s worth pointing out in these numbers is that we’re seeing a boost in the number of people doing an undergraduate degree, but also a big boost in the number of people doing a postgraduate degree. Two things there; I think that shows that more and more people are thinking about coming back to university to get more skills, to reskill or to upskill. And we’re going to see more of that in the years ahead. But also, when it comes to school teaching in particular, this year we expect to see a jump of about 15 per cent in the number of people doing the masters degree, the course that people do after they’ve done another degree in another area of expertise, to become a school teacher. And that’s a really good thing because we want people to burst out of school and go to uni and want to become a school teacher. But we also want young people like this who might have had another career to think, “okay, now I’m going to do the masters degree and I’m going to become a school teacher as well.” And the data out today shows us that’s happening.

    JOURNALIST: Minister, what has the response of your electorate been over the conflict in the Middle East?

    CLARE: Over the course of almost two years now, the conflict in the Middle East, in particular the death and the destruction in Gaza, has been horrific for my community. The dead bodies that we see on our television every night for my community aren’t just numbers, aren’t just anonymous people, often their family or their friends. And that’s why this is so personal. My community, the whole country, I think the whole world wants to see an end to the violence, to the suffering, to the catastrophe that’s happening in Gaza. They want to see an end to all of the violence happening in the Middle East. And that’s why we hold our breath, and we hold our hopes that the ceasefire holds between Israel and Iran as well.

    JOURNALIST: On the university rankings as well, the QS rankings that came out UNSW is still in the top 20 and remained relatively stable, but we did see quite a few universities going backwards. I guess, is that a concern for the Government? And particularly suggestions that it could be related to debate over international student loan policies?

    CLARE: My position on this has been consistent. The mark of a great university isn’t just a ranking, isn’t just a number, it’s about students. It’s about the work that the universities do to produce young people like this. In truth, you’ve produced yourself. There’s a reason that you’re here and it sits within yourself. But it’s great universities that help you to get here. It’s gateway programs like the program here at my old university, the University of New South Wales, which is making a difference in people’s lives. 

    There was an article written a couple of weeks ago about the focus that I have placed in my first term as Education Minister on students. And that is true whether it’s the Student Ombudsman, whether it’s the fee-free courses to help young people that aren’t ready for university to be ready for university, whether it’s these paid prac payments or anything else. Yes, I’ve been deadly focused, directly focused, on helping students to get to university, but not just get here to succeed when they get here. And the data shows us that a lot of young people, particularly young people from underrepresented groups from poor backgrounds, from the regions from the outer suburbs, are more likely not to finish a degree than other people. And so, the next step in the reform program, big structural change, is around fixing the funding of our universities, you’ll see that roll out next year, including demand-driven funding for equity students and a real needs-based funding approach to universities a la the Gonski model. We’re finishing and fixing the funding of our public schools. A similar model we want to roll out to our universities so that we’re funding students based on need and making sure that more young people who start a degree finish a degree.

    JOURNALIST: And that includes the Jobs-ready Graduate Scheme?

    CLARE: That’ll be one of the things that we’re going to ask the new ATEC to look at. And the interim version of the ATEC led by Mary O’ Kane, will kick off next Tuesday.

    JOURNALIST: I just have one more as well about Albanese last week said he’s ruled out renewing the religious discrimination law, that obviously there was a big review commission to that. Is that a position that you maintain as well? And do you expect there’ll be any reforms to the independent private sector in the next term?

    CLARE: What the Prime Minister has said repeatedly here is that reform here requires bipartisanship. And that was more important in the last term than ever before, given the conflicts overseas and the propensity for a debate around religious freedom or religious discrimination to aggravate the tensions that already exist in our community because of the catastrophe happening overseas. And I still think it holds that reform here requires bipartisanship. We’ve got a new Opposition Leader. I do hold out hope that Sussan Ley, unlike Peter Dutton, will reach across the aisle and try to work with us on more things. Thanks.
     

    MIL OSI News

  • MIL-OSI Russia: China Ready to Help Solve Problems and Challenges Facing Global Economy — Premier of State Council of China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TIANJIN, June 25 (Xinhua) — Chinese Premier Li Qiang said Wednesday that China is willing to do its utmost to help solve complex problems and challenges facing the global economy.

    Li Qiang made the remarks while speaking at the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the northern Chinese city of Tianjin. -0-

    MIL OSI Russia News

  • MIL-OSI New Zealand: Invest New Zealand legislation passes

    Source: New Zealand Government

    Parliament has today passed legislation to formally establish Invest New Zealand, clearing the way for the new investment attraction agency to begin operations on 1 July 2025.

    “This marks a major step in the Government’s plan to grow the economy by attracting more international capital, businesses and talent into New Zealand,” Trade and Investment Minister Todd McClay says.

    “Invest New Zealand will have a clear commercial focus—working directly with global investors to unlock opportunities that create jobs, boost innovation, and lift our long-term productivity.”

    Budget 2025 committed $85 million over four years to support the agency’s establishment as an autonomous Crown entity.

    Invest New Zealand will:

    • Drive investment into advanced and high-growth industries;
    • Connect offshore investors with local businesses and research opportunities;
    • Support global companies to grow their R&D footprint in New Zealand;
    • Help build the skills base needed to support a more innovative economy.

    A private sector advisory group, chaired by Rob Morrison, has played a key role in designing the agency’s framework and will continue to provide strategic advice as the agency scales up.

    “Invest New Zealand will act as a bridge between global capital and New Zealand’s economic potential,” Mr McClay says.

    “It’s about making it easier to do business here—cutting red tape, speeding up decision-making, and targeting investment that delivers long-term benefits for the country.”

    The agency will be up and running 1 July. 

    MIL OSI New Zealand News

  • MIL-OSI: Nokia selected by Verizon as hardware and software provider for Thames Freeport multisite private 5G deal

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia selected by Verizon as hardware and software provider for Thames Freeport multisite private 5G deal

    • Verizon Business, in collaboration with Nokia, will deliver multiple Verizon Private 5G Networks to industrial campuses across the Thames Freeport, one of the UK’s busiest maritime logistics and manufacturing regions.
    • The Thames Freeport is a designated UK “Free Trade Zone,” established to boost economic growth, create high-value jobs and attract global investment as part of a long-term effort to revive the UK’s River Thames Estuary region.
    • Thames Freeport will use Verizon Private 5G to enhance port operations with AI-driven data analytics, autonomous vehicle control, real-time logistics orchestration, innovation research & development, and more.

    25 June 2025
    London, UK – Nokia, Verizon Business and Thames Freeport today announced a strategic partnership to deploy Verizon Private 5G Networks across multiple key logistics, manufacturing, and innovation sites along the River Thames Estuary in the United Kingdom. The Verizon Private 5G Networks will serve as the technology foundation for a multi-year, multi-billion dollar operational transformation and economic revival for the region, one of the busiest maritime logistics hubs in the United Kingdom.

    The Private 5G Networks buildout provides a scalable, long-term connectivity foundation for advanced data, AI, edge compute, and IoT infrastructure deployments aimed at transforming port and manufacturing operations.

    The technological enhancements will play a direct role in boosting the local economy, underpinning job training and reskilling efforts as part of employment initiatives and supporting innovation and research and development collaborations among Freeport tenants and outside corporate, government, and research entities. Thames Freeport has already created 1,400 jobs and plans to reach 5,000 by 2030, with a focus on high-skilled training for local communities.

    The Verizon Private 5G Networks will enable advanced data and application capabilities for AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Nokia is the sole hardware and software provider for the networks, which will incorporate the Nokia Digital Automation Cloud (DAC) platform and Nokia MX Industrial Edge (MXIE). The Verizon Private 5G Networks will be deployed to the following sites:

    • DP World London Gateway and DP World Logistics Park, the UK’s largest and most integrated deep-sea container port and logistics facility, with port capacity to handle over 3 million units per year. The hub includes a rail terminal with 20 daily services and a 9.25 million square foot high-tech logistics center.
    • Port of Tilbury, (two sites), the largest of the mixed-use Thames Freeport ports. Tilbury handles 16 million tonnes of cargo per year across 31 independent working terminals. Operated by Forth Ports, the sites comprise a crucial logistics hub for the construction, automotive, and food & drink sectors.
    • Ford Dagenham, the largest manufacturing site in London, is a unique location that gives access to regional manufacturing clusters, proximity to suppliers, and brings key production closer to the end market.

    “Our partnership with Thames Freeport and Nokia shows the full promise of private 5G at scale. Thames Freeport is developing one of the most technologically advanced commercial corridors in Europe to enable forward innovation and economic revitalization for an entire community. We’re not just driving operational improvements to help a partner stay ahead of the curve; we’re laying the groundwork for new revenue streams, community development, and further commercial and technological investment,” said Jennifer Artley, SVP, 5G Acceleration, Verizon Business.

    “A flexible, high-performance connectivity platform is critical to our long-term vision. Our investment in private 5G is not an incremental network upgrade—it’s the backbone of a technological transformation fueling our long-term multi-stakeholder mission, which includes operational excellence for tenants; ROI for shareholders like Ford, DP World and Forth Ports; innovation leadership for public and private benefit; circular economy models supporting efficient energy models; empowering community development by enabling high-value job creation and training; and transforming public services with near-real time diagnostics at health-service sites. By partnering with Verizon Business and Nokia, we’re delivering the technology needed to propel our region to the front of the leading edge,” said Martin Whiteley, CEO, Thames Freeport.

    “Private wireless and industrial edge are the foundations for the digital transformation of industrial sites, and the Thames Freeport deployment is a landmark example of this evolution at scale. This is one of the largest commercial private 5G rollouts in a European port, incorporating the Nokia DAC platform. This network will allow Thames Freeport to overlay advanced use cases such as AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Together with Verizon Business, we’re proud to be enabling the infrastructure that will help Thames Freeport drive new efficiencies, sustainable growth, and long-term economic opportunity for the region,” said David de Lancellotti, VP of Enterprise Campus Edge Sales, Nokia.

    The Thames Freeport has a mission of economic regeneration and operational excellence, centered on stimulating trade, fostering innovation, supporting energy transition, creating jobs and improving the lives of the people around it. Private 5G Networks from Verizon Business can help enable a range of strategic priorities at Thames Freeport sites in service of that mission.

    Select priorities include enabling advanced technology layers such as AI, edge computing, and IoT across active industrial sites where Freeport stakeholders can collaborate on new applications. For example, industrial sites can leverage IoT for autonomous yard tractors and quay cranes and for near real-time tracking, smart routing, and condition monitoring for cargo. That can allow tenants to intake cargo, assess quantity and condition, and ship it out faster and more efficiently, losing less to damage or misplacement.

    Additionally, AI with edge computing can help manage environmental impact through edge-connected smart sensors and AI-driven analytics that monitor and optimize port operations and asset performance, including near-real time monitoring of emissions, air and water quality, and noise levels.

    Managing the use of the Verizon Private 5G Network infrastructure will be the responsibility of Thames Freeport and its tenant shareholder organizations. This ensures fit-for-purpose connectivity that adapts to site-specific requirements while safeguarding data and operational autonomy.

    Multimedia, technical information and related news
    Product Page: DAC private wireless
    Product Page: MX Industrial Edge

    About Nokia
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Verizon
    Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI Economics: Development Asia: Reaching the Right Households: Reforming Social Aid in Sri Lanka

    Source: Asia Development Bank

    Concerns with eligibility criteria

    Some of these relate to the inclusion of households not facing economic hardship and the exclusion of families living in poverty. There’s a need to refine the current criteria to better identify households experiencing temporary financial difficulties, even if they own certain assets.

    Challenges in data verification

    Another area for improvement in Aswesuma is the difficulty officials face in verifying household information related to eligibility. For example, errors may occur during data collection if households withhold accurate information about their poverty status to qualify for benefits or are unable to recall details correctly. These inaccuracies can reduce the program’s effectiveness by excluding people who genuinely need help and undermining efforts to create a more objective social protection system.

    Improving follow-up and monitoring

    Better data collection methods during follow-ups with Aswesuma recipients would help improve the criteria. This would allow the program to monitor households’ economic conditions and track improvements resulting from cash transfers. The main goal of these transfers is to help participants move out of poverty by improving their living situations. Therefore, follow-up assessments should document any changes and measurable outcomes related to food insecurity or poverty levels. These outcomes should go beyond the current Aswesuma indicators to better reflect improvements in well-being.

    Addressing chronic and transient poverty

    Ongoing updates to Aswesuma should also improve its ability to target people experiencing both chronic and transient poverty. Chronic poverty refers to long-term deprivation, often passed down through generations, while transient poverty involves short-term income or spending losses, even when long-term resources are sufficient to stay above the poverty line (Duclos et al., 2078). The current deprivation score mainly focuses on chronic poverty, emphasizing household assets and housing conditions (13 of the 22 indicators are based on multidimensional measurements).

    Gaps in coverage and food insecurity

    While addressing chronic poverty is important, it’s also necessary to consider temporary poverty. A large portion of the population (households ineligible for Aswesuma but who experienced food insecurity in the past 12 months) remains underserved. Of the 20% of the population that faced food insecurity, nearly 40% are not eligible for Aswesuma.

    Expanding the framework for vulnerability

    Given the current economic climate, with rising costs and income losses, measures of temporary poverty could help identify both long-term and short-term hardship, regardless of assets or housing. Including data on household members’ recent employment experiences, especially job loss, could offer a more complete picture of who needs support. The amount of cash transferred is unlikely to directly improve indicators related to household assets or other long-term poverty markers, as those require larger investments in education, health, and infrastructure (Lipton and Ravallion, 1995).

    Climate vulnerability and regional differences

    Climate vulnerability also adds complexity to household conditions. Although it’s difficult to measure, including it would help the program reach more at-risk groups in Sri Lanka.

    The current set of indicators can also be improved by accounting for both visible and hidden factors that influence household selection. The relevance of indicators varies by region and demographics. For example, vehicle use and electricity consumption depend on the availability of alternatives, which differ across the country. Rural households may lack access to transportation or electricity not because of poverty, but because those services aren’t available. Regional adjustments in how deprivation is measured could lead to more accurate assessments of poverty in both rural and urban areas.

    Asset ownership and agricultural work

    Asset indicators like ownership of agricultural machinery or land are influenced by both observable and hidden factors, including the decision to work in agriculture. This suggests a need for additional support programs, such as insurance for agricultural workers. In some areas, deprivation in agriculture-related indicators may actually reflect higher well-being, depending on location and market access.

    Labor market impacts and conditional transfers

    Finally, the program’s impact on labor market outcomes should be considered. The study predicts a drop in labor force participation for both men and women under various scenarios. This aligns with economic theory, which suggests that higher non-labor income reduces the need for paid work (Garganta et al., 2017). However, building resilience through employment is key to long-term poverty reduction. In some cases, transfers tied to employment have shown fewer negative, or even positive, effects on labor participation (Berlinski et al., 2024). While cash transfers are helpful for addressing food insecurity, exploring conditional transfers that encourage work and self-reliance is important for helping people move out of poverty.

    MIL OSI Economics

  • MIL-OSI Economics: Development Asia: Reaching the Right Households: Reforming Social Aid in Sri Lanka

    Source: Asia Development Bank

    Concerns with eligibility criteria

    Some of these relate to the inclusion of households not facing economic hardship and the exclusion of families living in poverty. There’s a need to refine the current criteria to better identify households experiencing temporary financial difficulties, even if they own certain assets.

    Challenges in data verification

    Another area for improvement in Aswesuma is the difficulty officials face in verifying household information related to eligibility. For example, errors may occur during data collection if households withhold accurate information about their poverty status to qualify for benefits or are unable to recall details correctly. These inaccuracies can reduce the program’s effectiveness by excluding people who genuinely need help and undermining efforts to create a more objective social protection system.

    Improving follow-up and monitoring

    Better data collection methods during follow-ups with Aswesuma recipients would help improve the criteria. This would allow the program to monitor households’ economic conditions and track improvements resulting from cash transfers. The main goal of these transfers is to help participants move out of poverty by improving their living situations. Therefore, follow-up assessments should document any changes and measurable outcomes related to food insecurity or poverty levels. These outcomes should go beyond the current Aswesuma indicators to better reflect improvements in well-being.

    Addressing chronic and transient poverty

    Ongoing updates to Aswesuma should also improve its ability to target people experiencing both chronic and transient poverty. Chronic poverty refers to long-term deprivation, often passed down through generations, while transient poverty involves short-term income or spending losses, even when long-term resources are sufficient to stay above the poverty line (Duclos et al., 2078). The current deprivation score mainly focuses on chronic poverty, emphasizing household assets and housing conditions (13 of the 22 indicators are based on multidimensional measurements).

    Gaps in coverage and food insecurity

    While addressing chronic poverty is important, it’s also necessary to consider temporary poverty. A large portion of the population (households ineligible for Aswesuma but who experienced food insecurity in the past 12 months) remains underserved. Of the 20% of the population that faced food insecurity, nearly 40% are not eligible for Aswesuma.

    Expanding the framework for vulnerability

    Given the current economic climate, with rising costs and income losses, measures of temporary poverty could help identify both long-term and short-term hardship, regardless of assets or housing. Including data on household members’ recent employment experiences, especially job loss, could offer a more complete picture of who needs support. The amount of cash transferred is unlikely to directly improve indicators related to household assets or other long-term poverty markers, as those require larger investments in education, health, and infrastructure (Lipton and Ravallion, 1995).

    Climate vulnerability and regional differences

    Climate vulnerability also adds complexity to household conditions. Although it’s difficult to measure, including it would help the program reach more at-risk groups in Sri Lanka.

    The current set of indicators can also be improved by accounting for both visible and hidden factors that influence household selection. The relevance of indicators varies by region and demographics. For example, vehicle use and electricity consumption depend on the availability of alternatives, which differ across the country. Rural households may lack access to transportation or electricity not because of poverty, but because those services aren’t available. Regional adjustments in how deprivation is measured could lead to more accurate assessments of poverty in both rural and urban areas.

    Asset ownership and agricultural work

    Asset indicators like ownership of agricultural machinery or land are influenced by both observable and hidden factors, including the decision to work in agriculture. This suggests a need for additional support programs, such as insurance for agricultural workers. In some areas, deprivation in agriculture-related indicators may actually reflect higher well-being, depending on location and market access.

    Labor market impacts and conditional transfers

    Finally, the program’s impact on labor market outcomes should be considered. The study predicts a drop in labor force participation for both men and women under various scenarios. This aligns with economic theory, which suggests that higher non-labor income reduces the need for paid work (Garganta et al., 2017). However, building resilience through employment is key to long-term poverty reduction. In some cases, transfers tied to employment have shown fewer negative, or even positive, effects on labor participation (Berlinski et al., 2024). While cash transfers are helpful for addressing food insecurity, exploring conditional transfers that encourage work and self-reliance is important for helping people move out of poverty.

    MIL OSI Economics

  • MIL-OSI Video: Where’s the Capital for Climate?

    Source: World Economic Forum (video statements)

    Where’s the Capital for Climate?

    From $300 billion in annual climate commitments to support emerging economies to greater regulation of carbon credit trading, COP29 marked a crucial step forward for climate finance. However, the climate finance gap remains vast and trillions more are needed to drive rapid climate action.

    How can private and public sector involvement be amplified to unlock capital at scale?

    https://www.youtube.com/watch?v=BNo9hQ9EJu0

    MIL OSI Video

  • MIL-OSI China: Chinese premier urges constructive actions in global economic, trade cooperation

    Source: People’s Republic of China – State Council News

    TIANJIN, June 25 — Chinese Premier Li Qiang on Wednesday called on the international community to take constructive actions in international economic and trade cooperation.

    Li made the remarks when addressing the opening of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    “Constructive actions mean we need to proactively take more practical measures to safeguard free trade and multilateralism and promote the stable development of the world economy,” Li said.

    The premier called for resolving disputes and differences through equal consultations.

    Noting that it is normal for disputes and differences to arise in economic and trade exchanges among countries, the premier said that as long as countries engage in dialogue and consultation based on mutual respect, solutions can always be found.

    The premier also stressed efforts to safeguard the common interests through mutually beneficial cooperation.

    Faced with global challenges, the premier said it is important to strengthen macro policy coordination among countries to ensure the stability of the global industrial and supply chains. He urged closer cooperation among all countries to strengthen the security and resilience of their development.

    Li further said that China will continue to deepen its integration and connectivity with the world market and strengthen industrial collaboration with various countries.

    MIL OSI China News

  • MIL-Evening Report: Antoinette Lattouf’s unfair dismissal win shows ABC must be more courageous in defending its journalists

    Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne

    Broadcast journalist Antoinette Lattouf was sacked by the Australian Broadcasting Corporation (ABC) for her political opinions concerning the war in Gaza, the Federal Court has found.

    Lattouf has been awarded $70,000 in damages for non-economic loss, based on findings that her sacking caused her what the judge called “great distress”.

    Justice Darryl Rangiah said this was obvious from her demeanour in the witness box. She had given evidence of feeling shock and humiliation at being sacked, and that this had affected her sleep and put strain on her personal relationships.

    However, the court found Lattouf’s race or ethnicity had played no part in the ABC’s decision to sack her, as she had claimed.

    The decision to sack her had been made by Chris Oliver-Taylor, who at the time was chief content officer of the ABC. His decision had been fortified by the views of the then managing director and editor-in-chief of the ABC, David Anderson, that Lattouf had expressed antisemitic opinions.

    The court found Oliver-Taylor was under pressure from many sources: the external complaints, Anderson’s view of the matter, and the wishes of the then chair Ita Buttrose to put an end to it.

    There was also a desire to appease the pro-Israel lobby, to defend the ABC’s reputation for impartiality, and to mitigate the impact of a story that he knew The Australian newspaper was about the publish on the issue.

    Oliver-Taylor has since resigned from the ABC.

    The case arose from events that occurred in December 2023.

    The ABC hired Lattouf, a journalist of Lebanese heritage, as a relief presenter on the mornings program of Sydney ABC Radio for one week leading up to Christmas. The mornings program consisted of light entertainment interspersed with hourly news bulletins. It did not otherwise offer news or current affairs content.

    Lattouf had worked for the ABC previously and was well-regarded inside the organisation. Her appointment was uncontroversial among those involved in making it, and she started work on Monday December 18.

    Before this stint began, Lattouf had made a series of personal social media posts accusing Israeli soldiers of using rape as a weapon of war. Then, early in the week she was on air, she posted on her personal social media profile a report by Human Rights Watch alleging Israel was using starvation as a weapon of war in Gaza. A few days earlier, the ABC had also posted this report on its own website.

    Like the ABC, Lattouf posted it without comment.

    However, an orchestrated campaign by the Jewish lobby to have her taken off air had already begun, on the basis of what she had previously published on her private social media account, and Justice Rangiah observed that this had caused consternation among senior ABC management.

    This consternation turned to panic after the posting of the Human Rights Watch report, and the campaign intensified. A coordinated email campaign by a pro-Israel lobbying group called “Lawyers for Israel”, and another group called “J.E.W.I.S.H creatives and academics”, demanded Lattouf be sacked, threatening legal action if she was not.

    Messages from a WhatsApp group leaked to The Sydney Morning Herald and The Age showed that in this way, the campaigners put intense pressure on the ABC’s most senior officers at the time, Anderson and Buttrose.

    On December 20, Lattouf was told when she came off air she would not be required for the final two days of her engagement. The Fair Work Commission subsequently found this amounted to sacking her. She then sued the ABC in the Federal Court for unlawful termination, alleging she had been dismissed because of her race and political views.

    When the matter came before the Federal Court in February 2025, the ABC argued she had been dismissed not because of her race or political views but because she had disobeyed a lawful instruction not to post anything “controversial” on social media while working for the ABC.

    The ABC alleged her act of disobedience was the posting of the Human Rights Watch report. In the course of the proceedings, emails between Anderson and Buttrose were admitted into evidence. They showed Buttrose telling Anderson she was “over” getting these complaints about Lattouf, and asking “can’t she come down with flu or COVID or a stomach upset? We owe her nothing.”

    Giving evidence during the court hearing, Buttrose said she had proposed this as a face-saving device for Lattouf’s benefit.

    In making a formal determination that Lattouf had been terminated, Justice Rangiah dismissed the ABC’s argument that she had simply been told there would be no work for her on the final two days of her contracted period of employment.

    He also found Lattouf had not been instructed not to post on her social media account but had merely been told she would be ill-advised to publish anything “controversial” while on air.

    In dismissing Lattouf for her political opinions, the ABC breached section 772 of the Fair Work Act, and by depriving her of an opportunity to defend herself before dismissing her it also breached the ABC’s enterprise bargaining agreement.

    The question of whether the ABC should suffer a financial penalty for these breaches will be decided at a later date.

    It was evident throughout the proceedings that the ABC had been concerned not just to put an end to the complaints about Lattouf but to protect the organisation’s reputation for impartiality.

    In the event, the way the case was handled has done substantial damage to the ABC’s reputation, not just for impartiality but for its capacity to stand up for its journalists and presenters when they come under external attack.




    Read more:
    Antoinette Lattouf sacking shows how the ABC has been damaged by successive Coalition governments


    Lattouf is one of several journalists whom the ABC has failed to defend from attacks by politicians, pressure groups and News Corporation. The latter’s flagship newspaper, The Australian, has conducted virulent campaigns against ABC journalists, most notably Stan Grant, as well as Lattouf and others.

    The managerial consternation and panic observed by Justice Rangiah in Lattouf’s case were discernible also in the Grant case and in the way the ABC handled the controversy over star journalist Laura Tingle’s observation at a writer’s festival that Australia was a racist country.

    This is a cultural weakness in the ABC. Its editorial leadership seems not to understand that the first duty of an editor is to create a safe space in which their staff can do good journalism.

    It is a malaise that goes back at least as far as the 2018 debacle in which a former chair, Justin Milne, and former managing director, Michelle Guthrie, showed themselves susceptible to pressure from the Turnbull government.

    Both resigned within a few days of each other after a stream of sensational allegations leaked to the press about Milne allegedly calling on Guthrie to fire the chief economics correspondent, Emma Alberici, and the political editor, Andrew Probyn.

    Perhaps the Lattouf case will at last stiffen their sinews and make standing up for their journalists a primary qualification for editorial leadership.

    The Lattouf case also leaves unresolved the question of the extent to which a media organisation is entitled to place restrictions on a staff journalist’s private activities to protect its interests and reputation.

    Denis Muller does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Antoinette Lattouf’s unfair dismissal win shows ABC must be more courageous in defending its journalists – https://theconversation.com/antoinette-lattoufs-unfair-dismissal-win-shows-abc-must-be-more-courageous-in-defending-its-journalists-259445

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: TW Pro Brings Quant-Level Intel to Everyday Investors

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 24, 2025 (GLOBE NEWSWIRE) — TW Pro, a financial company, has launched Quant-Level Risk Intel, a new feature that gives everyday investors access to advanced market risk insights. The tool, now live on the platform, helps users understand market changes using risk data similar to what professionals use.

    This update is part of TW Pro’s efforts to make trading tools easier to understand and more useful for individual investors. The feature breaks down complex market data and shows users where risk may be rising or falling across different assets.

    Making Risk Easier to Understand

    More people are trading in the markets than ever before, but many still don’t have the tools to track risk the way big firms do. TW Pro’s new tool aims to fix that by showing risk indicators in a simple, clear format.

    Instead of using complicated charts or formulas, the platform now gives users easy-to-read signals based on live market conditions. These signals help show things like rising volatility or big shifts in market direction.

    “We saw that a lot of regular investors were just guessing during volatile market moves,” said a TW Pro spokesperson. “We wanted to give them something clear to look at, something that makes sense without needing a finance degree.”

    The Quant-Level Risk Intel’s objective is to keep users alert when the market begins to move quickly. Users can see more of what’s happening behind the scenes, but it doesn’t advise them on what to buy or sell.

    Keeping Investors Prepared

    Markets may shift rapidly and frequently without much notice. Many investors find it hard to keep up when prices swing or news hits suddenly. TW Pro’s new risk feature is built to give users a heads-up when things start to shift.

    The spokesperson explained, “We’ve all had those days where everything drops or jumps for no clear reason. It may seem too much to handle. This tool gives people a way to step back and make more sense of it.”

    Instead of offering predictions, the newly launched Quant-Level Risk Intel shows market pressure points. It tracks data from different sources and updates in real time. Users can use it to stay more aware and adjust their trading if they choose.

    TW Pro says this is part of a bigger push to bring useful tools to people who manage their own money. The company is focused on giving investors better ways to spot risk without adding confusion or complexity.

    More Tools in the Works

    TW Pro plans to keep adding tools that help retail investors make smarter choices. The company says it will use feedback from users to improve the new feature over time.

    “We’re not here to tell anyone what to do,” the spokesperson said. “But we think people should at least have a fair shot at understanding the risk they’re taking. This is one way to help with that.”

    The new risk insight tool is now available to all users on the TW Pro platform. It doesn’t require extra fees or downloads. More updates are expected later this year.

    About TW Pro

    TW Pro is a financial company that offers access to stocks, ETFs, forex, commodities, indices, and cryptocurrencies. It provides a user-friendly investment platform with low-cost trading, no execution fees, and educational tools like video courses and webinars. TW Pro supports investors with secure account options and a wide range of global market opportunities.

    Media Details:
    Name: Melanie Davis
    Email: MelanieDavis@pro-tw.com
    Website: https://pro-tw.com/

    Disclaimer: This press release is provided by TW Pro. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI: TW Pro Brings Quant-Level Intel to Everyday Investors

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 24, 2025 (GLOBE NEWSWIRE) — TW Pro, a financial company, has launched Quant-Level Risk Intel, a new feature that gives everyday investors access to advanced market risk insights. The tool, now live on the platform, helps users understand market changes using risk data similar to what professionals use.

    This update is part of TW Pro’s efforts to make trading tools easier to understand and more useful for individual investors. The feature breaks down complex market data and shows users where risk may be rising or falling across different assets.

    Making Risk Easier to Understand

    More people are trading in the markets than ever before, but many still don’t have the tools to track risk the way big firms do. TW Pro’s new tool aims to fix that by showing risk indicators in a simple, clear format.

    Instead of using complicated charts or formulas, the platform now gives users easy-to-read signals based on live market conditions. These signals help show things like rising volatility or big shifts in market direction.

    “We saw that a lot of regular investors were just guessing during volatile market moves,” said a TW Pro spokesperson. “We wanted to give them something clear to look at, something that makes sense without needing a finance degree.”

    The Quant-Level Risk Intel’s objective is to keep users alert when the market begins to move quickly. Users can see more of what’s happening behind the scenes, but it doesn’t advise them on what to buy or sell.

    Keeping Investors Prepared

    Markets may shift rapidly and frequently without much notice. Many investors find it hard to keep up when prices swing or news hits suddenly. TW Pro’s new risk feature is built to give users a heads-up when things start to shift.

    The spokesperson explained, “We’ve all had those days where everything drops or jumps for no clear reason. It may seem too much to handle. This tool gives people a way to step back and make more sense of it.”

    Instead of offering predictions, the newly launched Quant-Level Risk Intel shows market pressure points. It tracks data from different sources and updates in real time. Users can use it to stay more aware and adjust their trading if they choose.

    TW Pro says this is part of a bigger push to bring useful tools to people who manage their own money. The company is focused on giving investors better ways to spot risk without adding confusion or complexity.

    More Tools in the Works

    TW Pro plans to keep adding tools that help retail investors make smarter choices. The company says it will use feedback from users to improve the new feature over time.

    “We’re not here to tell anyone what to do,” the spokesperson said. “But we think people should at least have a fair shot at understanding the risk they’re taking. This is one way to help with that.”

    The new risk insight tool is now available to all users on the TW Pro platform. It doesn’t require extra fees or downloads. More updates are expected later this year.

    About TW Pro

    TW Pro is a financial company that offers access to stocks, ETFs, forex, commodities, indices, and cryptocurrencies. It provides a user-friendly investment platform with low-cost trading, no execution fees, and educational tools like video courses and webinars. TW Pro supports investors with secure account options and a wide range of global market opportunities.

    Media Details:
    Name: Melanie Davis
    Email: MelanieDavis@pro-tw.com
    Website: https://pro-tw.com/

    Disclaimer: This press release is provided by TW Pro. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI: Ultra X Under PQTIC Leads the AI Quantitative Trading Boom, The LAO Plans Premium Acquisition

    Source: GlobeNewswire (MIL-OSI)

    BALTIMORE, Md., June 24, 2025 (GLOBE NEWSWIRE) — As artificial intelligence (AI) technology sweeps across global financial markets, Panther Quantitative Intelligence Trading Center (PQTIC)’s flagship product, the Ultra X Quantitative Trading System, has become an industry leader due to its exceptional performance. Its innovative AI-driven trading strategies and multi-asset support capabilities have attracted global attention. Recently, The LAO, a world-leading investment-focused decentralized autonomous organization (DAO), initiated talks with PQTIC, proposing to acquire a 20% stake in the Ultra X system for $150 million, which represents a premium of approximately 4.5 times based on the current market value. According to informed sources, the two parties have entered into deep discussions, and PQTIC is evaluating the proposal. This deal not only highlights the immense potential of Ultra X but also injects strong confidence into the future of AI-driven quantitative trading.

    Ultra X: A Pioneer in AI Quantitative Trading
    Ultra X is PQTIC’s core technological achievement, integrating deep learning, natural language processing, and blockchain technology to provide investors with intelligent and efficient trading solutions. The system supports a variety of assets, including stocks (such as NASDAQ), gold, options, and cryptocurrencies (such as BTC, ETH, USDT). Through precise market predictions and adaptive strategies, it stands out in complex market environments. In 2024, Ultra X’s trading strategy accuracy exceeded 90% (based on PQTIC’s internal data), demonstrating its exceptional competitive advantage.

    The LAO’s premium acquisition proposal further validates Ultra X’s market value. As the world’s earliest investment-focused DAO, The LAO is known for its sharp investment insights, and its interest in Ultra X underscores the system’s leading position in the AI quantitative trading field. Industry experts state, “Ultra X’s multi-asset support and real-time monitoring capabilities make it an ideal choice for institutional investors. The LAO’s 4.5x premium acquisition reflects the market’s strong confidence in the potential of AI trading.”

    Core Advantages and Features of Ultra X
    The success of Ultra X stems from its unique technological advantages and user-oriented design. The following are its core features:

    1.High-Precision AI Algorithms: By analyzing vast amounts of market data, on-chain transaction records, and social media sentiment, Ultra X generates precise trading strategies. For example, when the price of BTC surpassed $80,000 in 2024, Ultra X accurately predicted and executed a high-yield strategy.

    2.Multi-Asset Coverage: Supports stocks, gold, options, and cryptocurrencies, dynamically adjusting asset allocation to optimize the risk-return ratio, catering to the diverse needs of both institutional and retail investors.

    3.Real-Time Market Insights: Provides a visual fund flow dashboard, tracking the movements of cryptocurrencies (such as USDT, BTC, ETH) in real-time to help users make quick decisions.

    4.Blockchain-Enabled Ecosystem: Integrates the native token PTR to ensure transparency in trading, while also supporting ecosystem incentives and community governance, enhancing user participation.

    Trust and Transparency Assurance
    PQTIC has earned widespread trust through transparent and compliant operations. The trading performance of Ultra X and the usage of PTR tokens are disclosed through monthly independent audit reports, available for users to review on the official website (https://pqtic.com). All funds are managed by third-party custodians, and PTR reserves are stored in multi-signature cold wallets for enhanced security. Additionally, PQTIC donates 5% of Ultra X’s profits to educational and technological public welfare projects, showcasing its social responsibility and earning respect from investors and the community.

    The ongoing acquisition talks with The LAO further boost market confidence in Ultra X. If the deal is finalized, PQTIC will gain more resources to accelerate the global expansion and technological upgrade of Ultra X, while also providing potential value growth for PTR token holders.

    PTR Token: The Link to the Ultra X Ecosystem
    The success of Ultra X is closely tied to the support of its native token, PTR. PTR acts as a bridge connecting investors, developers, and the platform. It supports the decentralized financing system for research and development, while offering holders access to premium features and profit sharing (10% of trading profits). PQTIC’s market value management plan and potential repurchase strategy further safeguard the long-term value of PTR. It is expected that the token price could increase by 300%-500% in the next six months (based on similar project performance).

    About Panther Quantitative Intelligence Trading Center
    Founded in 2017 and headquartered in New York, Panther Quantitative Intelligence Trading Center (PQTIC) is a pioneer in AI-driven quantitative trading. Its flagship product, Ultra X, integrates deep learning, natural language processing, and blockchain technology to provide intelligent trading solutions. With a global partner network, Panther is committed to reshaping the future of wealth creation. Official website: https://pqtic.com.

    Media Contact:
    Official Website: https://pqtic.com/
    Contact Name: Jim Williams
    Company Email: service@pqtic.com

    Disclaimer: This press release is provided by Panther Quantitative Intelligence Trading Center. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99834760-b5b9-4a2e-8d04-8bc83586545b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/155f5fa6-b32b-4c05-92d2-8387c48f5ff4

    The MIL Network

  • MIL-OSI: SkyCrest Capital Launches Pension Plan with Ambitious 150% First-Week Target, Powered by LEXO Platform

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — SkyCrest Capital, a global fintech innovator, today announced the launch of its transformative Pension Plan, a structured asset growth initiative set to begin on Monday, June 23, 2025. Powered by the proprietary SAX-iCore AI Structural Recognition System and executed via the LEXO decentralized trading platform, the plan targets a 150% net return in its first week, offering individual traders and investors a disciplined, AI-driven path to wealth accumulation.

    Headquartered in Manhattan, SkyCrest Capital manages $1.2 billion in assets for over 600 high-net-worth clients across New York, Singapore, and Dubai. Known for its SkyAlpha X 2.0 AI system, which achieves 95% crypto trend prediction accuracy, and the SkyFund Protocol (SKF), SkyCrest now introduces the Pension Plan to democratize structured trading. Unlike traditional models, this initiative emphasizes “rhythm over judgment, system over emotion,” delivering replicable growth through high-probability intraday trades and mid-term positions over a 40-day cycle.

    Pension Plan: A Structured Approach to Wealth
    The Pension Plan leverages SAX-iCore’s real-time structural analysis to provide:

    • Daily AI Signals: High-probability trade cues tailored to account profiles.
    • Automated Trading Rhythms: Dynamic position tiers based on capital and experience.
    • Real-Time Transparency: On-chain auditability via LEXO’s multi-chain platform.
    • Account Autonomy: User-controlled wallets with independent fund access.

    SkyCrest’s 150% first-week target stems from SAX-iCore’s stress tests, which showed weekly returns of 90% to 160%. “This isn’t a gimmick—it’s a data-driven structural model,” said Nathaniel Ross, SkyCrest’s founder. “Our AI customizes execution to each account, ensuring precision and scalability.”

    LEXO Platform: Secure and Transparent Execution
    All trades occur on LEXO, a decentralized, MSB-registered platform compliant with FinCEN’s KYC/AML and BSA requirements. LEXO ensures:

    • Full on-chain transparency with real-time audit uploads.
    • Non-custodial asset management via user wallets integrated with SAX-iCore.
    • Support for USDT-denominated contracts and U.S. stock derivative simulations.

    “LEXO maximizes autonomy and compliance,” a SkyCrest spokesperson noted. “Participants retain full control while benefiting from AI-driven strategies.”

    Strong Early Adoption
    SkyCrest pre-evaluated over 500 prospective participants, onboarding the first batch of mid-sized accounts today. Early feedback is positive, with a Texas participant stating, “The SAX-iCore integration is seamless, and my trades this morning show steady gains.” In response to user demand for transparency, SkyCrest will launch a Strategy Visualization Module this week to provide AI rationale and operational insights.

    Industry Interest and Future Vision
    The Pension Plan has drawn inquiries from New York hedge research institutes, a Silicon Valley AI wealth platform, and an Asian ETF innovation fund, signaling its potential to redefine structured finance. This initiative paves the way for SkyCrest’s 2026 structured fund public offering, combining AI strategies with on-chain transparency.

    “The Pension Plan is more than a program—it’s a new financial paradigm,” Ross said. “We’re building a sustainable asset pathway with LEXO’s secure infrastructure.” SkyCrest will continue onboarding participants in controlled batches, with the first performance checkpoint set for Friday, shared via community channels.

    SkyCrest Capital invites traders to join this bold venture.

    About SkyCrest Capital
    Founded in 2019, SkyCrest Capital is a global fintech leader headquartered in New York, blending AI with asset management. Serving high-net-worth clients with equity, crypto, and DeFi strategies, it manages $1.2 billion in assets across a global network.

    Contact us Email: sakyskinla@gmail.com

    Official Website: https://www.skyskinla.com/

    Contact Person: Audrey Sinclair

    Company Email: service@skyskinla.com

    Disclaimer: This press release is provided by SkyCrest Capital. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/91da9c7e-563a-40b7-b5ce-7ff32071f2bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e58ef245-256c-48bd-ba9c-bc5c54fef870

    https://www.globenewswire.com/NewsRoom/AttachmentNg/343784c4-1612-45e0-be6e-c977ac40f25c

    The MIL Network

  • MIL-OSI: CoinBom Launches New AI-Powered Copy Trading System, Leading a New Wave in Global Investment

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — CoinBom has officially launched its new AI-Powered Copy Trading System, marking a significant milestone in the platform’s continued commitment to intelligent wealth management and quantitative investment. This system integrates advanced AI algorithms with cyclical trading strategies, offering users a more stable and efficient way to grow their digital asset portfolios.

    Since its inception, CoinBom has remained committed to the core values of security, transparency, and innovation, building technology-driven financial products that empower users worldwide. The launch of the AI Copy Trading System reflects the platform’s deep insight into market trends and user demands.

    Technology-Driven Wealth Growth
    The newly introduced AI Copy Trading System combines machine learning, behavioral data analytics, and market cycle modeling. It offers real-time market analysis and automatic execution of strategies, reducing human error while improving trading precision. The system supports customized strategies, making it ideal for both professional traders and novice investors seeking an easy-to-follow, automated experience.

    In addition to the copy trading system, CoinBom provides a comprehensive suite of services designed to meet diverse investment needs:

    Contract Trading: Supports perpetual and futures contracts for major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as gold, enabling flexible asset allocation.

    AI Investment Advisory: Delivers automated portfolio recommendations based on AI analysis, with a historical annualized return rate ranging from 3.5% to 8.2%.

    Customized Asset Management: Offers services including spot trading, leveraged investment, DeFi lending, OTC channels, and integrated portfolio management tools to enhance capital efficiency.

    Five Pillars of Trust and Innovation
    CoinBom’s competitive edge is built on five core strengths:

    Top-Tier Security: Implements AES-256 encryption, multi-signature protection, hot/cold wallet separation, and real-time risk monitoring. The platform adheres to SEC and CFTC regulatory frameworks for full compliance.

    User-Centric Design: Provides multi-language support, seamless experience across web, iOS, and Android platforms, industry-leading deposit/withdrawal efficiency, and 24/7 customer service.

    Innovation-Driven Growth: Continuously introduces cutting-edge fintech products for risk hedging, smart trading, and surplus management, meeting the needs of both retail and institutional users.

    Global Expansion Strategy: Actively collaborates with blockchain, AI, and fintech partners to build a globally integrated digital finance ecosystem.

    Efficient Wealth Management: Blends AI with quantitative strategies to provide stable, long-term asset growth solutions trusted by high-net-worth individuals and institutions.

    Looking Ahead: Building the Future of Global Fintech
    CoinBom plans to further strengthen its investment in AI-driven finance, global compliance, and product innovation. The platform will continue expanding its product portfolio and explore new partnerships with global regulatory bodies to promote healthy, sustainable development of the digital asset industry.

    “Our goal is to create a more intelligent, efficient, and accessible investment experience for users around the world,” said a CoinBom spokesperson. “Through ongoing innovation and responsible technology, we’re shaping the future of digital finance.”

    About CoinBom
    Founded in 2020 and headquartered in the United States, CoinBom is a global digital asset trading platform focused on contract trading, AI investment advisory, and multi-asset management. With its commitment to security, transparency, and technological innovation, CoinBom continues to offer trustworthy financial solutions to users around the world.

    For more information, please visit the official website: www.coinbom.co or contact media@coinbom.co.

    Media Contact
    Company Name: CoinBom
    Website: https://coinbom.co/
    Contact: Boron Pinney
    Email: support@coinbom.co

    Disclaimer: This press release is provided by CoinBom. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f4c84e11-7d73-4951-b1e6-75e7cd4ab9cd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8601f64-4e67-401f-932e-2de97959b203

    https://www.globenewswire.com/NewsRoom/AttachmentNg/07eb98e7-2573-4072-8157-7d728cfaa2b4

    The MIL Network

  • MIL-OSI Global: Iran’s internet blackout left people in the dark. How does a country shut down the internet?

    Source: The Conversation – Global Perspectives – By Mohiuddin Ahmed, Senior Lecturer of Computing and Security, Edith Cowan University

    Dylan Carr/Unsplash

    In recent days, Iranians experienced a near-complete internet blackout, with local service providers – including mobile services – repeatedly going offline. Iran’s government has cited cyber security concerns for ordering the shutdown.

    Shutting off the internet within an entire country is a serious action. It severely limits people’s ability to freely communicate and to find reliable information during times of conflict.

    In countries that have privatised mobile and internet providers, control is often exercised through legislation or through government directives – such as age restrictions on adult content. By contrast, Iran has spent years developing the capacity to directly control its telecommunications infrastructure.

    So how can a country have broad control over internet access, and could this happen anywhere in the world?

    How does ‘blocking the internet’ work?

    The “internet” is a broad term. It covers many types of applications, services and, of course, the websites we’re familiar with.

    There’s a range of ways to control access to internet services, but broadly speaking, there are two “simple” methods a nation could use to block citizens’ internet access.

    Hardware

    A nation may opt to physically disconnect the incoming internet connectivity at the point of entry to the country (imagine pulling the plug on a telephone exchange).

    This allows for easy recovery of service when the government is ready, but the impact will be far-reaching. Nobody in the country, including the government itself, will be able to connect to the internet – unless the government has its own additional, covert connectivity to the rest of the world.




    Read more:
    Undersea cables are the unseen backbone of the global internet


    Software and configuration

    This is where it gets more technical. Every internet-connected endpoint – laptop, computer, mobile phone – has an IP (internet protocol) address. They’re strings of numbers; for example, 77.237.87.95 is an address assigned to one of the internet service providers in Iran.

    IP addresses identify the device on the public internet. However, since strings of numbers are not easy to remember, humans use domain names to connect to services – theconversation.com is an example of a domain name.

    That connection between the IP address and the domain is controlled by the domain name system or DNS. It’s possible for a government to control access to key internet services by modifying the DNS – this manipulates the connection between domain names and their underlying numeric addresses.

    An additional way to control the internet involves manipulating the traffic flow. IP addresses allow devices to send and receive data across networks controlled by internet service providers. In turn, they rely on the border gateway protocol (BGP) – think of it like a series of traffic signs which direct internet traffic flow, allowing data to move around the world.

    Governments could force local internet service providers to remove their BGP routes from the internet. As a result, the devices they service wouldn’t be able to connect to the internet. In the same manner, the rest of the world would no longer be able to “see” into the country.




    Read more:
    Internet shutdowns: here’s how governments do it


    How common is this?

    In dozens of countries around the world, the internet is either routinely controlled or has been shut down in response to major incidents.

    A recent example is a wide-scale internet blackout in Bangladesh in July 2024 during student-led protests against government job quotas.

    In 2023, Senegal limited internet access to handle violent protests that erupted over the sentencing of a political leader. In 2020, India imposed a lengthy internet blackout on the disputed Himalayan region of Kashmir. In 2011, the Egyptian government withdrew BGP routes to address civil unrest.

    These events clearly show that if a government anywhere in the world wants to turn off the internet, it really can. The democratic state of the country is the most significant influence on the willingness to undertake such action – not the technical capability.

    However, in today’s world, being disconnected from the internet will heavily impact people’s lives, jobs and the economy. It’s not an action to be taken lightly.

    How can people evade internet controls?

    Virtual private networks or VPNs have long been used to hide communications in countries with strict internet controls, and continue to be an effective internet access method for many people. (However, there are indications Iran has clamped down on VPN use in recent times.)

    However, VPNs won’t help when the internet is physically disconnected. Depending on configuration, if BGP routes are blocked, this may also prevent any VPN traffic from reaching the target.

    This is where independent satellite internet services open up the most reliable alternative. Satellite internet is great for remote and rural areas where traditional internet service providers have yet to establish their cabling infrastructure – or can’t do so.

    Even if traditional wired or wireless internet connections are unavailable, services such as Starlink, Viasat, Hughesnet and others can provide internet access through satellites orbiting Earth.

    To use satellite internet, users rely on antenna kits supplied by providers. In Iran, Elon Musk’s Starlink was activated during the blackout, and independent reports suggest there are thousands of Starlink receivers secretly operating in the country.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Iran’s internet blackout left people in the dark. How does a country shut down the internet? – https://theconversation.com/irans-internet-blackout-left-people-in-the-dark-how-does-a-country-shut-down-the-internet-259546

    MIL OSI – Global Reports

  • MIL-OSI Global: Is AI a con? A new book punctures the hype and proposes some ways to resist

    Source: The Conversation – Global Perspectives – By Luke Munn, Research Fellow, Digital Cultures & Societies, The University of Queensland

    AI Am Over It – Nadia Piet.
    Archival Images of AI + AIxDESIGN, CC BY

    Is AI going to take over the world? Have scientists created an artificial lifeform that can think on its own? Is it going to replace all our jobs, even creative ones, like doctors, teachers and care workers? Are we about to enter an age where computers are better than humans at everything?

    The answers, as the authors of The AI Con stress, are “no”, “they wish”, “LOL” and “definitely not”.


    The AI Con: How To Fight Big Tech’s Hype and Create the Future We Want – Emily M. Bender and Alex Hanna (Bodley Head)


    Artificial intelligence is a marketing term as much as a distinct set of computational architectures and techniques. AI has become a magic word for entrepreneurs to attract startup capital for dubious schemes, an incantation deployed by managers to instantly achieve the status of future-forward leaders.

    In a mere two letters, it conjures a vision of automated factories and robotic overlords, a utopia of leisure or a dystopia of servitude, depending on your point of view. It is not just technology, but a powerful vision of how society should function and what our future should look like.

    In this sense, AI doesn’t need to work for it to work. The accuracy of a large language model may be doubtful, the productivity of an AI office assistant may be claimed rather than demonstrated, but this bundle of technologies, companies and claims can still alter the terrain of journalism, education, healthcare, service work and our broader sociocultural landscape.

    Pop goes the bubble

    For Emily M. Bender and Alex Hanna, the AI hype bubble needs to be popped.

    Bender is a linguistics professor at the University of Washington, who has become a prominent technology critic. Hanna is a sociologist and former employee of Google, who is now the director of research at the Distributed AI Research Institute. After teaming up to mock AI boosters in their popular podcast, Mystery AI Hype Theater 3000, they have distilled their insights into a book written for a general audience. They meet the unstoppable force of AI hype with immovable scepticism.


    Step one in this program is grasping how AI models work. Bender and Hanna do an excellent job of decoding technical terms and unpacking the “black box” of machine learning for lay people.

    Driving this wedge between hype and reality, between assertions and operations, is a recurring theme across the pages of The AI Con, and one that should gradually erode readers’ trust in the tech industry. The book outlines the strategic deceptions employed by powerful corporations to reduce friction and accumulate capital. If the barrage of examples tends to blur together, the sense of technical bullshit lingers.

    What is intelligence? A famous and highly cited paper co-written by Bender asserts that large language models are simply “stochastic parrots”, drawing on training data to predict which set of tokens (i.e. words) is most likely to follow the prompt given by a user. Harvesting millions of crawled websites, the model can regurgitate “the moon” after “the cow jumped over”, albeit in much more sophisticated variants.

    Rather than actually understanding a concept in all its social, cultural and political contexts, large language models carry out pattern matching: an illusion of thinking.

    But I would suggest that, in many domains, a simulation of thinking is sufficient, as it is met halfway by those engaging with it. Users project agency onto models via the well-known Eliza effect, imparting intelligence to the simulation.

    Management are pinning their hopes on this simulation. They view automation as a way to streamline their organisations and not be “left behind”. This powerful vision of early adopters vs extinct dinosaurs is one we see repeatedly with the advent of new technologies – and one that benefits the tech industry.

    In this sense, poking holes in the “intelligence” of artificial intelligence is a losing move, missing the social and financial investment that wants this technology to work. “Start with AI for every task. No matter how small, try using an AI tool first,” commanded DuoLingo’s chief engineering officer in a recent message to all employees. Duolingo has joined Fiverr, Shopify, IBM and a slew of other companies proclaiming their “AI first” approach.

    ‘Large language models carry out pattern matching: an illusion of thinking.’ Image: Talking to AI 2.0 – Yutong Liu.
    Kingston School of Art/https://betterimagesofai.org, CC BY

    Shapeshifting technology

    The AI Con is strongest when it looks beyond or around the technologies to the ecosystem surrounding them, a perspective I have also argued is immensely helpful. By understanding the corporations, actors, business models and stakeholders involved in a model’s production, we can evaluate where it comes from, its purpose, its strengths and weaknesses, and what all this might mean downstream for its possible uses and implications. “Who benefits from this technology, who is harmed, and what recourse do they have?” is a solid starting point, Bender and Hanna suggest.

    These basic but important questions extract us from the weeds of technical debate – how does AI function, how accurate or “good” is it really, how can we possibly understand this complexity as non-engineers? – and give us a critical perspective. They place the onus on industry to explain, rather than users to adapt or be rendered superfluous.

    We don’t need to be able to explain technical concepts like backpropagation or diffusion to grasp that AI technologies can undermine fair work, perpetuate racial and gender stereotypes, and exacerbate environmental crises. The hype around AI means to distract us from these concrete effects, to trivialise them and thus encourage us to ignore them.

    Emily M. Bender.
    University of Washington

    As Bender and Hanna explain, AI boosters and AI doomers are really two sides of the same coin. Conjuring up nightmare scenarios of self-replicating AI terminating humanity or claiming sentient machines will usher us into a posthuman paradise are, in the end, the same thing. They place a religious-like faith in the capabilities of technology, which dominates debate, allowing tech companies to retain control of AI’s future development.

    The risk of AI is not potential doom in the future, à la the nuclear threat during the Cold War, but the quieter and more significant harm to real people in the present. The authors explain that AI is more like a panopticon “that allows a single prison warden to keep track of hundreds of prisoners at once”, or the “surveillance dragnets that track marginalised groups in the West”, or a “toxic waste, salting the earth of a Superfund site”, or a “scabbing worker, crossing the picket line at the behest of an employer who wants to signal to the picketers that they are disposable. The totality of systems sold as AI are these things, rolled into one.”

    A decade ago, with another “game-changing” technology, author Ian Bogost observed that

    rather than utopia or dystopia, we usually end up with something less dramatic yet more disappointing. Robots neither serve human masters nor destroy us in a dramatic genocide, but slowly dismantle our livelihoods while sparing our lives.

    The pattern repeats. As AI matures (to some degree) and is adopted by organisations, it moves from innovation to infrastructure, from magic to mechanism. Grand promises never materialise. Instead, society endures a tougher, bleaker future. Workers feel more pressure; surveillance is normalised; truth is muddied with post-truth; the marginal become more vulnerable; the planet gets hotter.

    Technology, in this sense, is a shapeshifter: the outward form constantly changes, yet the inner logic remains the same. It exploits labour and nature, extracts value, centralises wealth, and protects the power and status of the already-powerful.

    Co-opting critique

    In The New Spirit of Capitalism, sociologists Luc Boltanski and Eve Chiapello demonstrate how capitalism has mutated over time, folding critiques back into its DNA.

    After enduring a series of blows around alienation and automation in the 1960s, capitalism moved from a hierarchical Fordist mode of production to a more flexible form of self-management over the next two decades. It began to favour “just in time” production, done in smaller teams, that (ostensibly) embraced the creativity and ingenuity of each individual. Neoliberalism offered “freedom”, but at a price. Organisations adapted; concessions were made; critique was defused.


    Verso Books

    AI continues this form of co-option. Indeed, the current moment can be described as the end of the first wave of critical AI. In the last five years, tech titans have released a series of bigger and “better” models, with both the public and scholars focusing largely on generative and “foundation” models: ChatGPT, StableDiffusion, Midjourney, Gemini, DeepSeek, and so on.

    Scholars have heavily criticised aspects of these models – my own work has explored truth claims, generative hate, ethics washing and other issues. Much work focused on bias: the way in which training data reproduces gender stereotypes, racial inequality, religious bigotry, western epistemologies, and so on.

    Much of this work is excellent and seems to have filtered into the public consciousness, based on conversations I’ve had at workshops and events. However, its flagging of such issues allows tech companies to practise issue resolving. If the accuracy of a facial-recognition system is lower with Black faces, add more Black faces to the training set. If the model is accused of English dominance, fork out some money to produce data on “low-resource” languages.

    Companies like Anthropic now regularly carry out “red teaming” exercises designed to highlight hidden biases in models. Companies then “fix” or mitigate these issues. But due to the massive size of the data sets, these tend to be band-aid solutions, superficial rather than structural tweaks.

    For instance, soon after launching, AI image generators were under pressure for not being “diverse” enough. In response, OpenAI invented a technique to “more accurately reflect the diversity of the world’s population”. Researchers discovered this technique was simply tacking on additional hidden prompts (e.g. “Asian”, “Black”) to user prompts. Google’s Gemini model also seems to have adopted this, which resulted in a backlash when images of Vikings or Nazis had South Asian or Native American features.

    The point here is not whether AI models are racist or historically inaccurate or “woke”, but that models are political and never disinterested. Harder questions about how culture is made computational, or what kind of truths we want as society, are never broached and therefore never worked through systematically.

    Such questions are certainly broader and less “pointy” than bias, but also less amenable to being translated into a problem for a coder to resolve.

    What next?

    How, then, should those outside the academy respond to AI? The past few years have seen a flurry of workshops, seminars and professional development initiatives. These range from “gee whiz” tours of AI features for the workplace, to sober discussions of risks and ethics, to hastily organised all-hands meetings debating how to respond now, and next month, and the month after that.

    Alex Hanna.
    Will Toft/alex-hanna.com, CC BY

    Bender and Hanna wrap up their book with their own responses. Many of these, like their questions about how models work and who benefits, are simple but fundamental, offering a strong starting point for organisational engagement.

    For the technosceptical duo, refusal is also clearly an option, though individuals will obviously have vastly different degrees of agency when it comes to opting out of models and pushing back on adoption strategies. Refusal of AI, as with many technologies that have come before it, often relies to some extent on privilege. The six-figure consultant or coder will have discretion that the gig worker or service worker cannot exercise without penalties or punishments.

    If refusal is fraught at the individual level, it seems more viable and sustainable at a cultural level. Bender and Hanna suggest generative AI be responded to with mockery: companies who employ it should be derided as cheap or tacky.

    The cultural backlash against AI is already in full swing. Soundtracks on YouTube are increasingly labelled “No AI”. Artists have launched campaigns and hashtags, stressing their creations are “100% human-made”.

    These moves are attempts to establish a cultural consensus that AI-generated material is derivative and exploitative. And yet, if these moves offer some hope, they are swimming against the swift current of enshittification. AI slop means faster and cheaper content creation, and the technical and financial logic of online platforms – virality, engagement, monetisation – will always create a race to the bottom.

    The extent to which the vision offered by big tech will be accepted, how far AI technologies will be integrated or mandated, how much individuals and communities will push back against them – these are still open questions. In many ways, Bender and Hanna successfully demonstrate that AI is a con. It fails at productivity and intelligence, while the hype launders a series of transformations that harm workers, exacerbate inequality and damage the environment.

    Yet such consequences have accompanied previous technologies – fossil fuels, private cars, factory automation – and hardly dented their uptake and transformation of society. So while praise goes to Bender and Hanna for a book that shows “how to fight big tech’s hype and create the future we want”, the issue of AI resonates, for me, with Karl Marx’s observation that people “make their own history, but they do not make it just as they please”.

    Luke Munn does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Is AI a con? A new book punctures the hype and proposes some ways to resist – https://theconversation.com/is-ai-a-con-a-new-book-punctures-the-hype-and-proposes-some-ways-to-resist-257015

    MIL OSI – Global Reports

  • MIL-OSI Banking: Money Market Operations as on June 24, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,28,883.45 5.14 0.01-6.55
         I. Call Money 17,196.57 5.27 4.75-5.35
         II. Triparty Repo 4,32,260.40 5.20 5.10-5.27
         III. Market Repo 1,77,182.93 4.96 0.01-5.40
         IV. Repo in Corporate Bond 2,243.55 5.47 5.40-6.55
    B. Term Segment      
         I. Notice Money** 71.50 5.25 5.10-5.31
         II. Term Money@@ 896.00 5.50-6.00
         III. Triparty Repo 3,259.50 5.23 5.15-5.29
         IV. Market Repo 895.58 5.47 5.45-5.48
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 24/06/2025 1 Wed, 25/06/2025 1,090.00 5.75
    4. SDFΔ# Tue, 24/06/2025 1 Wed, 25/06/2025 2,67,171.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,66,081.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,032.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,032.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,59,048.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 24, 2025 9,43,107.81  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 24, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/585

    MIL OSI Global Banks

  • MIL-OSI China: China committed to tackling difficulties, challenges facing global economy: premier

    Source: People’s Republic of China – State Council News

    China committed to tackling difficulties, challenges facing global economy: premier

    TIANJIN, June 25 — Chinese Premier Li Qiang said on Wednesday that China is willing to do whatever it takes to help tackle the difficulties and challenges facing the global economy.

    Li made the remarks when addressing the opening plenary of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China’s Tianjin Municipality.

    MIL OSI China News

  • MIL-OSI USA: Cassidy Delivers Floor Speech on Lowering Flood Insurance Rates with Hurricane Season Underway

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    [embedded content]

    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) delivered a speech on the U.S. Senate floor highlighting the need to end the Biden-era Risk Rating 2.0 policy and for the National Flood Insurance Program (NFIP) to remain affordable.
    “We have a chance to bring down prices on flood insurance in the same way President Trump has brought down all these other prices—gas, eggs, milk, you name it,” said Dr. Cassidy.
    “As hurricane season ramps up, the clock is ticking. Let’s act now,” concluded Dr. Cassidy.Background
    In June, Cassidy led the charge in demanding the U.S. Federal Emergency Management Agency (FEMA) finally end the Biden-era policy, Risk Rating 2.0, which caused flood insurance premiums to skyrocket.
    In May, Cassidy delivered another speech discussing the danger that Risk Rating 2.0 poses to low- and middle-income families’ ability to be enrolled in the program.
    In April, Cassidy delivered a speech on the Senate floor calling for the continuation of FEMA’s Building Resilient Infrastructure and Communities (BRIC) grant program, which helps fund pre-disaster mitigation and flood prevention projects in Louisiana and nationwide.
    In March, Cassidy delivered a floor speech calling for a long-term extension of  NFIP and introduced legislation to extend the program through December 31, 2026. Cassidy also met with the Jefferson Business Council where he discussed his efforts to keep flood insurance affordable and extend NFIP long-term.
    In February, Cassidy introduced the Flood Insurance Affordability Tax Credit Act to give low- and middle-income households enrolled in NFIP a 33% refundable tax credit to combat rising flood insurance premiums. Cassidy also released a report last fall outlining the current state of NFIP and the issues that have led to skyrocketing premiums for millions of homeowners.
    Last year, the U.S. Senate Banking Committee held a hearing on NFIP at the request of Cassidy. The hearing highlighted the urgent need for Congress to act and featured a Louisiana witness. Cassidy also participated in a roundtable hosted by GNO, Inc. and the Coalition for Sustainable Flood Insurance to hear from community leaders and advocates on the issue.
    Cassidy traveled St. Bernard Parish in 2023 to talk with residents about their flood insurance premiums, recording the second episode of his Bill on the Hill series.
    Cassidy’s remarks as prepared for delivery are below:
    Mr. President,
    In every single state, there are Americans who rely on the National Flood Insurance Program to protect their home.
    Congress has a responsibility to serve ALL Americans, regardless of age, income, or zip code.
    Since Biden’s implementation of Risk Rating 2.0, seniors and low- and middle-income homeowners have been left behind.
    Earlier this month, I led eight of my Republican colleagues in urging FEMA to end the Biden-era Risk Rating 2.0.
    I want to work with him to fix the mess the Biden administration left us in.
    Now, I want to share with my colleagues the same case we made in that letter for why we need to act now.
    Every year on June 1st, the phrase “Hoping for the best, preparing for the worst” comes to mind.
    For the people in my state, it becomes a way of life.
    Another hurricane season is upon us.
    With a higher Gulf temperature than usual, meteorologists predict 13 to 19 named storms, 6 to 10 hurricanes, and 3 to 5 major hurricanes hitting the U.S. before the year’s end.
    Before long, Louisianans will, yet again, be stocking up on non-perishable food items and prescriptions, boarding up the windows, and checking on their neighbors.
    They will also be bracing themselves financially.
    Louisianans are still trying to get back on their feet after four years of financial distress under the Biden administration.
    Now, add the costs for recovery from severe weather damage. Many families just can’t afford it.
    That’s why we have NFIP—a program which has provided a safety net for millions in Louisiana and across the country for the last 50 years.
    Because of NFIP, the retired couple in Livingston Parish who just paid off their mortgage sleeps better at night knowing they are covered the next time they flood.
    The single working mother in Cameron Parish can rest assured knowing there is help available when it comes time to replace the siding and roof tiles, which have been torn loose by torrential winds. 
    But this program—and the peace of mind of those who rely on it—is being threatened.
    Since FEMA, under the Biden Administration, implemented Risk Rating 2.0, premiums have skyrocketed—making desperately needed protection unaffordable for millions. Over 80% of NFIP policyholders in Louisiana saw a spike in their premiums after its implementation in 2021.
    The protection that millions so desperately need has become unaffordable.
    When I say unaffordable, I’m not talking about a one or two-hundred-dollar increase.
    Even that would be too much for a lot of families.
    I’m talking about a $1,916 increase for a homeowner in Waggaman, Louisiana.
    I’m talking about a $4,500 increase for a homeowner in Gibson, Louisiana.
    I’m talking about an $8,256 increase for a homeowner in Belle Chasse, Louisiana.
    And there is no end in sight for these 300, 400, 500…one THOUSAND percent increases.
    Has FEMA been transparent about these stunning spikes?
    No.
    In fact, never knowing why their premiums rose in the first place, Americans have no option but to drop their NFIP coverage altogether, leaving them totally vulnerable.
    Has Congress been given the opportunity to provide meaningful comment in response?
    No, we were stonewalled for years under President Biden. Now with President Trump in charge, I trust there will be more transparency into Risk Rating 2.0 than we’ve ever seen before. 
    The American people—and certainly Louisianans—made it clear when they elected President Trump that they are ready to end the confusion and high prices of the previous administration.
    They were talking about the grocery store, at the gas pump, and yes, about insurance.
    NFIP was at the heart of the cost-of-living crisis Americans struggled through under President Biden.
    We have a chance to bring down prices on flood insurance in the same way President Trump has brought down all these other prices—gas, eggs, milk, you name it.
    I want to work with President Trump and my colleagues to make life affordable again!
    As hurricane season ramps up, the clock is ticking. Let’s act now!
    With that, I yield. 

    MIL OSI USA News

  • MIL-OSI New Zealand: Backing bold science with Endeavour funding

    Source: New Zealand Government

    The Government has reinforced its commitment to science-led economic growth by funding 46 high-potential research projects, says Science, Innovation and Technology Minister Dr Shane Reti.
    The projects will be funded by the contestable Endeavour Fund, which invests in research that unlocks new knowledge, technologies, and capabilities. The Smart Ideas stream of the fund targets bold, high-risk projects by catalysing and rapidly testing promising, innovative research.
    “Our research institutions and firms deepen our talent pipeline and grow the value of our technology exports. Supporting early-stage, high-impact research is part of our plan to foster innovation and drive growth,” Dr Reti says.
    “The selected projects span a wide range of sectors, from MedTech and quantum computing to climate resilience and sustainable agriculture.
    “This year’s recipients include innovations in cardiac diagnostics, climate forecasting and AI-powered pest control.
    “These projects will deliver real-world impact. Each initiative is designed to tackle national challenges while unlocking new economic opportunities for New Zealand, building the foundations for a stronger, more resilient economy.
    “These investments are about more than just research. They grow capability, attract global partnerships, and create industries of the future,” Dr Reti says.
    Contracts typically last two to three years and the total value per contract is in the range of $400,000 to $1 million. The Endeavour Fund is managed by the Ministry of Business, Innovation and Employment (MBIE) and is New Zealand’s largest contestable fund.
    Further information about the projects can be found on the MBIE website: https://www.mbie.govt.nz/currently-funded-smart-ideas

    MIL OSI New Zealand News

  • MIL-Evening Report: Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US

    Source: The Conversation (Au and NZ) – By Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

    Japanese Prime Minister Shigeru Ishiba has sent a clear signal to the Trump administration: the Japan–US relationship is in a dire state.

    After saying just days ago he would be attending this week’s NATO summit at The Hague, Ishiba abruptly pulled out at the last minute.

    He joins two other leaders from the Indo-Pacific region, Australian Prime Minister Anthony Albanese and South Korean President Lee Jae-myung, in skipping the summit.

    The Japanese media reported Ishiba cancelled the trip because a bilateral meeting with US President Donald Trump was unlikely, as was a meeting of the Indo-Pacific Four (IP4) NATO partners (Australia, New Zealand, South Korea and Japan).

    Japan will still be represented by Foreign Minister Takeshi Iwaya, showing its desire to strengthen its security relationship with NATO.

    However, Ishiba’s no-show reveals how Japan views its relationship with the Trump administration, following the severe tariffs Washington imposed on Japan and Trump’s mixed messages on the countries’ decades-long military alliance.

    Tariffs and diplomatic disagreements

    Trump’s tariff policy is at the core of the divide between the US and Japan.

    Ishiba attempted to get relations with the Trump administration off to a good start. He was the second world leader to visit Trump at the White House, after Israeli Prime Minister Benjamin Netanyahu.

    However, Trump’s “Liberation Day” tariffs imposed a punitive rate of 25% on Japanese cars and 24% on all other Japanese imports. They are already having an adverse impact on Japan’s economy: exports of automobiles to the US dropped in May by 25% compared to a year ago.

    Six rounds of negotiations have made little progress, as Ishiba’s government insists on full tariff exemptions.

    Japan has been under pressure from the Trump administration to increase its defence spending, as well. According to the Financial Times, Tokyo cancelled a summit between US and Japanese defence and foreign ministers over the demand. (A Japanese official denied the report.)

    Japan also did not offer its full support to the US bombings of Iran’s nuclear facilities earlier this week. The foreign minister instead said Japan “understands” the US’s determination to prevent Iran from acquiring nuclear weapons.

    Japan has traditionally had fairly good relations with Iran, often acting as an indirect bridge with the West. Former Prime Minister Shinzo Abe even made a visit there in 2019.

    Japan also remains heavily dependent on oil from the Middle East. It would have been adversely affected if the Strait of Hormuz had been blocked, as Iran was threatening to do.

    Unlike the response from the UK and Australia, which both supported the strikes, the Ishiba government prioritised its commitment to upholding international law and the rules-based global order. In doing so, Japan seeks to deny China, Russia and North Korea any leeway to similarly erode global norms on the use of force and territorial aggression.

    Strategic dilemma of the Japan–US military alliance

    In addition, Japan is facing the same dilemma as other American allies – how to manage relations with the “America first” Trump administration, which has made the US an unreliable ally.

    Earlier this year, Trump criticised the decades-old security alliance between the US and Japan, calling it “one-sided”.

    “If we’re ever attacked, they don’t have to do a thing to protect us,” he said of Japan.

    Lower-level security cooperation is ongoing between the two allies and their regional partners. The US, Japanese and Philippine Coast Guards conducted drills in Japanese waters this week. The US military may also assist with upgrading Japan’s counterstrike missile capabilities.

    But Japan is still likely to continue expanding its security ties with partners beyond the US, such as NATO, the European Union, India, the Philippines, Vietnam and other ASEAN members, while maintaining its fragile rapprochement with South Korea.

    Australia is now arguably Japan’s most reliable security partner. Canberra is considering buying Japan’s Mogami-class frigates for the Royal Australian Navy. And if the AUKUS agreement with the US and UK collapses, Japanese submarines could be a replacement.

    Ishiba under domestic political pressure

    There are also intensifying domestic political pressures on Ishiba to hold firm against Trump, who is deeply unpopular among the Japanese public.

    After replacing former prime minister Fumio Kishida as leader of the Liberal Democratic Party (LDP) last September, the party lost its majority in the lower house of parliament in snap elections. This made it dependent on minor parties for legislative support.

    Ishiba’s minority government has struggled ever since with poor opinion polling. There has been widespread discontent with inflation, the high cost of living and stagnant wages, the legacy of LDP political scandals, and ever-worsening geopolitical uncertainty.

    On Sunday, the party suffered its worst-ever result in elections for the Tokyo Metropolitan Assembly, winning its lowest number of seats.

    The party could face a similar drubbing in the election for half of the upper house of the Diet (Japan’s parliament) on July 20. Ishiba has pledged to maintain the LDP’s majority in the house with its junior coalition partner Komeito. But if the government falls into minority status in both houses, Ishiba will face heavy pressure to step down.

    Craig Mark does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US – https://theconversation.com/japanese-prime-ministers-abrupt-no-show-at-nato-summit-reveals-a-strained-alliance-with-the-us-259694

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Markey Joins Booker, Jayapal, Barragán to Reintroduce Legislation Removing Barriers to Health Care for Immigrants

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Washington (June 24, 2025) –  Senator Edward J. Markey (D-Mass.) today joined Senator Cory Booker (D-NJ) along with U.S. Representatives Pramila Jayapal (D-WA-07), Ranking Member of the Immigration Integrity, Security, and Enforcement Subcommittee, and Nanette Diaz Barragán (D-CA-44) to introduce the Health Equity and Access under Law (HEAL) for Immigrant Families Act, bicameral legislation that removes cruel and unnecessary barriers to health care for immigrants of all statuses. The legislation is cosponsored by U.S. Senators Martin Heinrich (D-NM), Elizabeth Warren (D-MA), Alex Padilla (D-CA), Patty Murray (D-WA), Mazie Hirono (D-HI), Bernie Sanders (I-VT), and Richard Blumenthal (D-CT).

    Immigrants are significantly more likely than U.S. Citizens to be uninsured, leaving them at a higher risk for both adverse health and financial consequences. Of the nearly 151 million people aged 15-49 in the United States, 14.6 million people—almost one in 10—are noncitizen immigrants.

    “Trump and Republicans are working to rip health care coverage away from millions, including immigrant communities that are already too often left uninsured and vulnerable due to their immigration status. We must expand health care access for all and eliminate the discriminatory policies that prevent immigrant families and communities from seeking the health care they need,” said Senator Markey.

    “Everyone deserves access to comprehensive, affordable, quality care, and the HEAL Act lifts unnecessary barriers to medical care for immigrants,” said Senator Booker.  “A more equitable health care system will help create healthier communities and ensure that all families, regardless of immigration status, have access to the care they need.” 

    “Health care is a human right that must be accessible to everyone — regardless of immigration status,” said Representative Jayapal. “As a proud immigrant myself, I know that the HEAL Act is a necessary first step to allow more people across America to access the health care they need to live, making all of our communities healthier. As Republicans in Congress work to strip health coverage away from millions of Americans and further decimate our already broken immigration system, we’re working to ensure everyone in this country is able to see a doctor when they need it.”

    “Access to healthcare shouldn’t depend on your immigration status,” said Representative Barragán. “Healthcare is a basic human right, and it’s time we break down the needless barriers that keep immigrant families from the care they need to survive and thrive. The HEAL Act is a step toward addressing racial health disparities and expanding quality healthcare to everyone in our communities.”

    “Withholding health care from immigrants is cruel and doesn’t make our communities safer or healthier,” said Senator Warren. “While the Trump administration continues playing political games with immigrant families, Democrats are fighting to make sure a person’s immigration status doesn’t prevent them from getting life-saving care.”

    “As the Trump Administration guts access to health care and basic services for immigrant communities, breaking down barriers to health care for immigrants isn’t just the right thing to do — it’s critical for protecting our public health and economy,” said Senator Padilla. “California is the fourth-largest economy in the world not despite immigrants, but because of their contributions to our workforce. Everyone deserves access to affordable, quality health care no matter their immigration status, and I will keep fighting to continue expanding coverage for these hardworking members of our communities.”

    “Health care is a human right—regardless of a person’s immigration status. With this critical legislation, we remove cruel, unnecessary barriers preventing immigrants from receiving the care they need to survive and thrive. By providing access to quality care and treatment, we strengthen our communities and bolster our nation’s public health,” said Senator Blumenthal.

    To see the full list of endorsing organizations, click here. 

    “Rep. Jayapal and Sen. Booker continue to be courageous and powerful champions for immigrant communities by reintroducing the HEAL for Immigrant Families Act. While immigrant families are currently being attacked and torn apart, this bill promotes a vision for what we want for our collective future. A future that supports immigrant communities by removing long standing systemic barriers to health coverage to help our communities access affordable health care. We are especially grateful that Sen. Booker and Rep. Jayapal are introducing this critical legislation today as we mark three years since the Dobbs v. Jackson Women’s Health Organization decision that overturned the constitutional right to abortion. That decision has disproportionately harmed immigrant communities, for whom abortion bans, misinformation, and the threat of being detained and separated from our families has increased the barriers that keep us from getting the health care we need,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice. “We urge Congress to protect immigrant communities and pass this bill,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice.

    “The reproductive justice movement teaches us that true justice means being able to have children, not have children, and raise our families in safe, supportive communities. None of that is possible without health care. In a country that has always been shaped by immigrants, we cannot keep allowing people and families, including the Asian American immigrants who make up more than a quarter of immigrants in the U.S., to be shut out from basic health care because of harmful, outdated policies. These are our mothers, our sisters, and our neighbors. The HEAL Act tears down the barriers facing our communities and reaffirms that everyone deserves the right to care, regardless of background, income, or immigration status,” said Sung Yeon Choimorrow, Executive Director, National Asian Pacific American Women’s Forum (NAPAWF).

    “For too long, our health care system has denied immigrants equitable access to health insurance, fueling deep and unconscionable health inequities,” said Madeline Morcelle, Senior Attorney at the National Health Law Program. “The big ugly reconciliation bill before Congress threatens to lock even more immigrant families out of vital and often lifesaving coverage, widening those inequities. The National Health Law Program is proud to endorse the HEAL for Immigrant Families Act, which offers a better vision for the future: dismantling xenophobic health insurance barriers and fostering health equity and reproductive justice for all,” said Madeline Morcelle, Senior Attorney, The National Health Law Program.

    “Everyone deserves access to health care, no matter who they are or where they come from. It is unacceptable and cruel that many are denied affordable, high-quality, and comprehensive health care because of their immigration status. Amid the ongoing attacks on our immigrant communities and our health care, I thank Reps. Jayapal and Barragán and Senator Booker for reintroducing this critical bill that would break down unjust barriers to care for our immigrant families,” said Alexis McGill Johnson, President and CEO, Planned Parenthood Action Fund.

    “As a physician, I’ve witnessed the barriers immigrant families face when trying to access health care. Insurance coverage is a cornerstone of meaningful access; without it, care remains out of reach for too many. At a time when attacks on immigrant communities are escalating, we must act now to ensure that everyone—regardless of status—has the right to timely, compassionate, and comprehensive health care. That’s why I join physicians across the country in calling for a swift passage of the HEAL Act. Expanding health coverage to immigrant communities ensures they receive the care they deserve, regardless of their immigration status. Health is a human right and no one should be excluded from receiving healthcare. Congress must pass HEAL – our patients are counting on it,” said Dr. Jamila Perritt, MD, MPH, FACOG, President and CEO, Physicians for Reproductive Health.

    “With immigrant families under constant attack, it’s more important than ever to work toward a better, more inclusive future when everyone can get the care we all need. We are proud to champion the HEAL Act – a critical step toward that better future,” said Adriana Cadena, Campaign Director, Protecting Immigrant Families Coalition.

    “Now more than ever, it is critical to affirm that everyone—including immigrants—should have access to health care coverage. Immigrants already face many restrictions to such care and an onslaught of attacks on them and their families’ health and well-being, ranging from the fear created by the Administration’s mass deportation efforts to the deeply harmful budget reconciliation bill currently under consideration. The HEAL for Immigrant Families Act is a critical step in moving us back in the right direction by giving children and families access to the health care they need to thrive. CLASP is grateful to Representative Jayapal and Senator Booker for their leadership in promoting a vision that supports health care for all,” said Wendy Cervantes, Director, Immigration and Immigrant Families, CLASP.

    “A community’s health and well-being depend on ensuring all of us have access to the affordable health care we need, regardless of immigration status. The HEAL Act would remove harmful barriers to care for millions and benefit all of us. At a time when immigrant communities across the country are facing a barrage of attacks, we commend Representative Jayapal for continuing to champion a vision and policies that help everyone in our communities,” said Kica Matos, President, National Immigration Law Center.

    The HEAL for Immigrant Families Act will:

    1. Restore enrollment to full-benefit Medicaid and the Children’s Health Insurance Program (CHIP) to all federally authorized immigrants who are otherwise eligible by removing the 5-year waiting period and outdated list of “qualified immigrants” for Medicaid and CHIP eligibility;
    2. Remove discriminatory Medicare restrictions based on length of stay in the U.S. for many lawful permanent residents (LPR);
    3. End the exclusion of undocumented immigrants from Affordable Care Act (ACA) marketplaces
    4. Ensure access to public and affordable coverage for Deferred Action Childhood Arrivals (DACA) recipients;
    5. Create a state option to expand Medicaid and CHIP to immigrants regardless of immigration status.

    To read the full text of the bill, click here. 

    MIL OSI USA News

  • MIL-OSI China: US stocks jump on news of Middle East ceasefire

    Source: People’s Republic of China – State Council News

    U.S. stocks surged Tuesday as investors welcomed the news of a ceasefire agreement that could bring an end to the Middle East conflict which has unsettled markets in recent weeks.

    The Dow Jones Industrial Average rose 507.24 points, or 1.19 percent, to 43,089.02. The S&P 500 added 67.01 points, or 1.11 percent, to 6,092.18. The Nasdaq Composite Index increased by 281.56 points, or 1.43 percent, to 19,912.53.

    Nine of the 11 primary S&P 500 sectors ended in green, with technology and financials leading the gainers by adding 1.61 percent and 1.50 percent, respectively. Meanwhile, energy and consumer staples led the laggards by losing 1.51 percent and 0.03 percent, respectively.

    U.S. President Donald Trump, who first announced the Iran-Israel ceasefire late Monday, said Tuesday morning that both countries had violated the deal overnight, but he emphasized that the agreement remained in effect. The fragile truce helped ease investor anxiety over a potential escalation, fueling a broad rally across sectors.

    “The key event for the market was how quick and limited the U.S. involvement was, as well as the ‘weak’ response from Iran which was essentially a choreographed fireworks display for domestic consumption,” said Jon Brager, portfolio manager at Palmer Square Capital Management. “So even if the ceasefire results in occasional flare-ups, the market has decided this risk is now in the rearview mirror and the focus probably returns to tariffs and fiscal policy.”

    Markets also drew support from Federal Reserve Chair Jerome Powell’s testimony to Congress. Powell said the Fed could cut interest rates “sooner rather than later,” even as he stressed the need to monitor the effects of tariff-driven inflation. The dovish tone reinforced investor expectations that the central bank remains flexible in its response to evolving economic conditions.

    Meanwhile, the U.S. consumer confidence index dropped by 5.4 points in June to 93.0, down from 98.4 in May, according to The Conference Board. The decline reflects increased consumer unease about current business conditions and the short-term outlook, as optimism about future income, job prospects, and business activity all declined. Despite the weakening sentiment, markets shrugged off the data as geopolitical relief and the prospect of rate cuts took precedence.

    Mega-cap technology stocks extended gains from Monday. Broadcom rose 3.94 percent, while Nvidia added 2.59 percent. Amazon climbed 2.06 percent, and Alphabet and Meta Platforms each rose more than 1 percent. Microsoft gained 0.85 percent, and Apple edged lower. Still, Tesla slipped 2.35 percent, giving back part of Monday’s sharp rally after the company launched its driverless robotaxi service in Austin. 

    MIL OSI China News

  • MIL-OSI Economics: ADB Announces $350 Million for Pakistan to Boost the Role of Women in the Economy

    Source: Asia Development Bank

    ADB has approved a loan of $350 million to support access to finance for women in Pakistan. The funding will support the second phase of the Women-Inclusive Finance Sector Development Program, which includes a $300 million policy-based loan and a $50 million financial intermediation loan designed to fund credit facilities and guarantees that support women’s entrepreneurship through improving their access to finance.

    MIL OSI Economics

  • MIL-OSI: Array Technologies Announces Pricing of Upsized Offering of Convertible Senior Notes

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) — Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in aggregate principal amount of Notes. The Offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.

    The Notes will be senior, unsecured obligations of ARRAY, and will accrue interest at a rate of 2.875% per annum, payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2026. The Notes will mature on July 1, 2031, unless earlier redeemed, repurchased or converted.

    ARRAY estimates that the net proceeds from the Offering will be approximately $290.4 million (or approximately $334.1 million if the initial purchasers exercise their option to purchase additional Notes in full), after deducting the initial purchasers’ discounts and estimated expenses payable by ARRAY. ARRAY intends to use (i) $150 million of the net proceeds to repay outstanding indebtedness under its term loan facility, (ii) approximately $30.5 million of the net proceeds to fund the cost of entering into the capped call transactions described below and (iii) a portion of the net proceeds to fund repurchases of approximately $100 million in aggregate principal amount of its outstanding 1.00% Convertible Senior Notes due 2028 (the “Existing Convertible Notes”) for approximately $78.3 million in cash, plus accrued and unpaid interest. ARRAY intends to use any remaining net proceeds from the Offering for general corporate purposes, which may include additional repayments or repurchases of outstanding indebtedness. If the initial purchasers exercise their option to purchase additional Notes, ARRAY expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions.

    At any time prior to the close of business on the business day immediately preceding April 1, 2031, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after April 1, 2031, until the close of business on the second scheduled trading day immediately preceding the maturity date, the Notes will be convertible at the option of the holders of the Notes at any time regardless of these conditions. The initial conversion rate will be 123.1262 shares of ARRAY’s common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $8.12 per share of ARRAY’s common stock). The initial conversion price of the Notes represents a premium of approximately 27.5% over the last reported sale price of ARRAY’s common stock on the Nasdaq Global Market (the “Nasdaq”) on June 24, 2025.

    Upon conversion of the Notes, ARRAY will pay cash up to the aggregate principal amount of the Notes to be converted and pay or deliver, as the case may be, cash, shares of ARRAY’s common stock or a combination of cash and shares of ARRAY’s common stock, at ARRAY’s election, in respect of the remainder, if any, of ARRAY’s conversion obligation in excess of the aggregate principal amount of the Notes being converted, based on the then applicable conversion rate.

    ARRAY may redeem for cash all or any portion of the Notes, at its option, on or after July 6, 2029 and prior to the 41st scheduled trading day immediately preceding the maturity date, if the last reported sale price of ARRAY’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which ARRAY provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Notes.

    Subject to certain conditions, if ARRAY undergoes a “fundamental change” (as defined in the indenture that will govern the Notes), holders of the Notes may require ARRAY to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In addition, upon certain corporate events that occur prior to the maturity date or upon redemption, ARRAY will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with any such corporate event or convert their Notes called (or deemed called) for redemption during the related redemption period, as the case may be.

    In connection with the pricing of the Notes, ARRAY entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and certain other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of ARRAY’s common stock initially underlying the Notes sold in the Offering. The capped call transactions are expected generally to reduce potential dilution to ARRAY’s common stock upon conversion of any Notes and/or offset any cash payments ARRAY is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap based on a cap price initially equal to $12.74 per share which represents a premium of 100% over the last reported sale price of ARRAY’s common stock on the Nasdaq on June 24, 2025.

    ARRAY has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of ARRAY’s common stock and/or enter into various derivative transactions with respect to ARRAY’s common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of ARRAY’s common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to ARRAY’s common stock and/or purchasing or selling ARRAY’s common stock or other securities of ARRAY in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of Notes or following any repurchase of Notes in connection with any “fundamental change” (as defined in the indenture for the Notes) and (y) following any other repurchase of Notes if ARRAY elects to unwind a portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or decrease in the market price of ARRAY’s common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Notes.

    In connection with the pricing of the Notes, ARRAY entered into separate and individually negotiated transactions with certain holders of the Existing Convertible Notes to repurchase approximately $100 million in aggregate principal amount of the Existing Convertible Notes for approximately $78.3 million in cash, plus accrued and unpaid interest, using a portion of the net proceeds from the Offering (the “Existing Convertible Note Repurchases”). Holders of any Existing Convertible Notes that are repurchased as described above may enter into or unwind various derivatives with respect to ARRAY’s common stock (including entering into derivatives with one or more of the initial purchasers in the Offering or their respective affiliates) and/or purchase or sell shares of ARRAY’s common stock, which may occur concurrently with or shortly after the pricing of the Notes.

    The Existing Convertible Note Repurchases and the potential related market activities by holders of the Existing Convertible Notes that are repurchased by ARRAY could increase (or reduce the size of any decrease in) or decrease (or reduce the size of any increase in) the market price of ARRAY’s common stock, which may affect the trading price of the Notes at that time and the initial conversion price of the Notes. ARRAY cannot predict the magnitude of such market activity or the overall effect it will have on the price of the Notes or ARRAY’s common stock.

    Neither the Notes nor the shares of ARRAY’s common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act, the securities laws of any other jurisdiction or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful.

    About Array Technologies, Inc.

    ARRAY Technologies, Inc. (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to ARRAY’s customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world.

    Media Contact:
    Nicole Stewart
    505-589-8257
    nicole.stewart@arraytechinc.com

    Investor Relations Contact:
    ARRAY Technologies, Inc.
    Investor Relations
    investors@arraytechinc.com

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the completion of the Offering, the expected amount and intended use of the net proceeds and the anticipated effects of entering into the capped call transactions and the Existing Convertible Note Repurchases. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company’s control) that could cause actual results to differ materially from those set forth in the forward looking statements, including risks and uncertainties associated with market conditions, including market interest rates, the trading price and volatility of ARRAY’s common stock, and risks relating to this Offering, the Company’s business and operations and results of financing efforts, including those described in more detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and subsequent reports and other documents on file with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release. Except as required by law, the Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

    The MIL Network

  • MIL-OSI USA: Booker, Jayapal, Barragan Reintroduce Legislation to Remove Barriers to Health Care for Immigrants

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. –  Today, U.S. Senator Cory Booker (D-NJ) along with U.S. Representatives Pramila Jayapal (D-WA-07), Ranking Member of the Immigration Integrity, Security, and Enforcement Subcommittee, and Nanette Diaz Barragán (D-CA-44) introduced the Health Equity and Access under Law (HEAL) for Immigrant Families Act, bicameral legislation that removes cruel and unnecessary barriers to health care for immigrants of all statuses. The legislation is cosponsored by U.S. Senators Martin Heinrich (D-NM), Elizabeth Warren (D-MA), Alex Padilla (D-CA), Patty Murray (D-WA), Mazie Hirono (D-HI), Bernie Sanders (I-VT), Edward Markey (D-MA), and Richard Blumenthal (D-CT).

    Immigrants are significantly more likely than U.S. Citizens to be uninsured, leaving them at a higher risk for both adverse health and financial consequences. Of the nearly 151 million people aged 15-49 in the United States, 14.6 million people—almost one in 10—are noncitizen immigrants.

    “Everyone deserves access to comprehensive, affordable, quality care, and the HEAL Act lifts unnecessary barriers to medical care for immigrants,” said Senator Booker.  “A more equitable health care system will help create healthier communities and ensure that all families, regardless of immigration status, have access to the care they need.” 

    “Health care is a human right that must be accessible to everyone — regardless of immigration status,” said Representative Jayapal. “As a proud immigrant myself, I know that the HEAL Act is a necessary first step to allow more people across America to access the health care they need to live, making all of our communities healthier. As Republicans in Congress work to strip health coverage away from millions of Americans and further decimate our already broken immigration system, we’re working to ensure everyone in this country is able to see a doctor when they need it.”

    “Access to healthcare shouldn’t depend on your immigration status,” said Representative Barragán. “Healthcare is a basic human right, and it’s time we break down the needless barriers that keep immigrant families from the care they need to survive and thrive. The HEAL Act is a step toward addressing racial health disparities and expanding quality healthcare to everyone in our communities.”

    “Withholding health care from immigrants is cruel and doesn’t make our communities safer or healthier,” said Senator Warren. “While the Trump administration continues playing political games with immigrant families, Democrats are fighting to make sure a person’s immigration status doesn’t prevent them from getting life-saving care.”

    “As the Trump Administration guts access to health care and basic services for immigrant communities, breaking down barriers to health care for immigrants isn’t just the right thing to do — it’s critical for protecting our public health and economy,” said Senator Padilla. “California is the fourth-largest economy in the world not despite immigrants, but because of their contributions to our workforce. Everyone deserves access to affordable, quality health care no matter their immigration status, and I will keep fighting to continue expanding coverage for these hardworking members of our communities.”

    “Trump and Republicans are working to rip health care coverage away from millions, including immigrant communities that are already too often left uninsured and vulnerable due to their immigration status. We must expand health care access for all and eliminate the discriminatory policies that prevent immigrant families and communities from seeking the health care they need,” said Senator Markey.

    “Health care is a human right—regardless of a person’s immigration status. With this critical legislation, we remove cruel, unnecessary barriers preventing immigrants from receiving the care they need to survive and thrive. By providing access to quality care and treatment, we strengthen our communities and bolster our nation’s public health,” said Senator Blumenthal.

    To see the full list of endorsing organizations, click here. 

    “Rep. Jayapal and Sen. Booker continue to be courageous and powerful champions for immigrant communities by reintroducing the HEAL for Immigrant Families Act. While immigrant families are currently being attacked and torn apart, this bill promotes a vision for what we want for our collective future. A future that supports immigrant communities by removing long standing systemic barriers to health coverage to help our communities access affordable health care. We are especially grateful that Sen. Booker and Rep. Jayapal are introducing this critical legislation today as we mark three years since the Dobbs v. Jackson Women’s Health Organization decision that overturned the constitutional right to abortion. That decision has disproportionately harmed immigrant communities, for whom abortion bans, misinformation, and the threat of being detained and separated from our families has increased the barriers that keep us from getting the health care we need,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice. “We urge Congress to protect immigrant communities and pass this bill,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice.

    “The reproductive justice movement teaches us that true justice means being able to have children, not have children, and raise our families in safe, supportive communities. None of that is possible without health care. In a country that has always been shaped by immigrants, we cannot keep allowing people and families, including the Asian American immigrants who make up more than a quarter of immigrants in the U.S., to be shut out from basic health care because of harmful, outdated policies. These are our mothers, our sisters, and our neighbors. The HEAL Act tears down the barriers facing our communities and reaffirms that everyone deserves the right to care, regardless of background, income, or immigration status,” said Sung Yeon Choimorrow, Executive Director, National Asian Pacific American Women’s Forum (NAPAWF).

    “For too long, our health care system has denied immigrants equitable access to health insurance, fueling deep and unconscionable health inequities,” said Madeline Morcelle, Senior Attorney at the National Health Law Program. “The big ugly reconciliation bill before Congress threatens to lock even more immigrant families out of vital and often lifesaving coverage, widening those inequities. The National Health Law Program is proud to endorse the HEAL for Immigrant Families Act, which offers a better vision for the future: dismantling xenophobic health insurance barriers and fostering health equity and reproductive justice for all,” said Madeline Morcelle, Senior Attorney, The National Health Law Program.

    “Everyone deserves access to health care, no matter who they are or where they come from. It is unacceptable and cruel that many are denied affordable, high-quality, and comprehensive health care because of their immigration status. Amid the ongoing attacks on our immigrant communities and our health care, I thank Reps. Jayapal and Barragán and Senator Booker for reintroducing this critical bill that would break down unjust barriers to care for our immigrant families,” said Alexis McGill Johnson, President and CEO, Planned Parenthood Action Fund.

    “As a physician, I’ve witnessed the barriers immigrant families face when trying to access health care. Insurance coverage is a cornerstone of meaningful access; without it, care remains out of reach for too many. At a time when attacks on immigrant communities are escalating, we must act now to ensure that everyone—regardless of status—has the right to timely, compassionate, and comprehensive health care. That’s why I join physicians across the country in calling for a swift passage of the HEAL Act. Expanding health coverage to immigrant communities ensures they receive the care they deserve, regardless of their immigration status. Health is a human right and no one should be excluded from receiving healthcare. Congress must pass HEAL – our patients are counting on it,” said Dr. Jamila Perritt, MD, MPH, FACOG, President and CEO, Physicians for Reproductive Health.

    “With immigrant families under constant attack, it’s more important than ever to work toward a better, more inclusive future when everyone can get the care we all need. We are proud to champion the HEAL Act – a critical step toward that better future,” said Adriana Cadena, Campaign Director, Protecting Immigrant Families Coalition.

    “Now more than ever, it is critical to affirm that everyone—including immigrants—should have access to health care coverage. Immigrants already face many restrictions to such care and an onslaught of attacks on them and their families’ health and well-being, ranging from the fear created by the Administration’s mass deportation efforts to the deeply harmful budget reconciliation bill currently under consideration. The HEAL for Immigrant Families Act is a critical step in moving us back in the right direction by giving children and families access to the health care they need to thrive. CLASP is grateful to Representative Jayapal and Senator Booker for their leadership in promoting a vision that supports health care for all,” said Wendy Cervantes, Director, Immigration and Immigrant Families, CLASP.

    “A community’s health and well-being depend on ensuring all of us have access to the affordable health care we need, regardless of immigration status. The HEAL Act would remove harmful barriers to care for millions and benefit all of us. At a time when immigrant communities across the country are facing a barrage of attacks, we commend Representative Jayapal for continuing to champion a vision and policies that help everyone in our communities,” said Kica Matos, President, National Immigration Law Center.

    The HEAL for Immigrant Families Act will:

    1. Restore enrollment to full-benefit Medicaid and the Children’s Health Insurance Program (CHIP) to all federally authorized immigrants who are otherwise eligible by removing the 5-year waiting period and outdated list of “qualified immigrants” for Medicaid and CHIP eligibility;
    2. Remove discriminatory Medicare restrictions based on length of stay in the U.S. for many lawful permanent residents (LPR);
    3. End the exclusion of undocumented immigrants from Affordable Care Act (ACA) marketplaces
    4. Ensure access to public and affordable coverage for Deferred Action Childhood Arrivals (DACA) recipients;
    5. Create a state option to expand Medicaid and CHIP to immigrants regardless of immigration status.

    To read the full text of the bill, click here. 

    MIL OSI USA News

  • MIL-OSI USA: Booker, Jayapal, Barragan Reintroduce Legislation to Remove Barriers to Health Care for Immigrants

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. –  Today, U.S. Senator Cory Booker (D-NJ) along with U.S. Representatives Pramila Jayapal (D-WA-07), Ranking Member of the Immigration Integrity, Security, and Enforcement Subcommittee, and Nanette Diaz Barragán (D-CA-44) introduced the Health Equity and Access under Law (HEAL) for Immigrant Families Act, bicameral legislation that removes cruel and unnecessary barriers to health care for immigrants of all statuses. The legislation is cosponsored by U.S. Senators Martin Heinrich (D-NM), Elizabeth Warren (D-MA), Alex Padilla (D-CA), Patty Murray (D-WA), Mazie Hirono (D-HI), Bernie Sanders (I-VT), Edward Markey (D-MA), and Richard Blumenthal (D-CT).

    Immigrants are significantly more likely than U.S. Citizens to be uninsured, leaving them at a higher risk for both adverse health and financial consequences. Of the nearly 151 million people aged 15-49 in the United States, 14.6 million people—almost one in 10—are noncitizen immigrants.

    “Everyone deserves access to comprehensive, affordable, quality care, and the HEAL Act lifts unnecessary barriers to medical care for immigrants,” said Senator Booker.  “A more equitable health care system will help create healthier communities and ensure that all families, regardless of immigration status, have access to the care they need.” 

    “Health care is a human right that must be accessible to everyone — regardless of immigration status,” said Representative Jayapal. “As a proud immigrant myself, I know that the HEAL Act is a necessary first step to allow more people across America to access the health care they need to live, making all of our communities healthier. As Republicans in Congress work to strip health coverage away from millions of Americans and further decimate our already broken immigration system, we’re working to ensure everyone in this country is able to see a doctor when they need it.”

    “Access to healthcare shouldn’t depend on your immigration status,” said Representative Barragán. “Healthcare is a basic human right, and it’s time we break down the needless barriers that keep immigrant families from the care they need to survive and thrive. The HEAL Act is a step toward addressing racial health disparities and expanding quality healthcare to everyone in our communities.”

    “Withholding health care from immigrants is cruel and doesn’t make our communities safer or healthier,” said Senator Warren. “While the Trump administration continues playing political games with immigrant families, Democrats are fighting to make sure a person’s immigration status doesn’t prevent them from getting life-saving care.”

    “As the Trump Administration guts access to health care and basic services for immigrant communities, breaking down barriers to health care for immigrants isn’t just the right thing to do — it’s critical for protecting our public health and economy,” said Senator Padilla. “California is the fourth-largest economy in the world not despite immigrants, but because of their contributions to our workforce. Everyone deserves access to affordable, quality health care no matter their immigration status, and I will keep fighting to continue expanding coverage for these hardworking members of our communities.”

    “Trump and Republicans are working to rip health care coverage away from millions, including immigrant communities that are already too often left uninsured and vulnerable due to their immigration status. We must expand health care access for all and eliminate the discriminatory policies that prevent immigrant families and communities from seeking the health care they need,” said Senator Markey.

    “Health care is a human right—regardless of a person’s immigration status. With this critical legislation, we remove cruel, unnecessary barriers preventing immigrants from receiving the care they need to survive and thrive. By providing access to quality care and treatment, we strengthen our communities and bolster our nation’s public health,” said Senator Blumenthal.

    To see the full list of endorsing organizations, click here. 

    “Rep. Jayapal and Sen. Booker continue to be courageous and powerful champions for immigrant communities by reintroducing the HEAL for Immigrant Families Act. While immigrant families are currently being attacked and torn apart, this bill promotes a vision for what we want for our collective future. A future that supports immigrant communities by removing long standing systemic barriers to health coverage to help our communities access affordable health care. We are especially grateful that Sen. Booker and Rep. Jayapal are introducing this critical legislation today as we mark three years since the Dobbs v. Jackson Women’s Health Organization decision that overturned the constitutional right to abortion. That decision has disproportionately harmed immigrant communities, for whom abortion bans, misinformation, and the threat of being detained and separated from our families has increased the barriers that keep us from getting the health care we need,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice. “We urge Congress to protect immigrant communities and pass this bill,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice.

    “The reproductive justice movement teaches us that true justice means being able to have children, not have children, and raise our families in safe, supportive communities. None of that is possible without health care. In a country that has always been shaped by immigrants, we cannot keep allowing people and families, including the Asian American immigrants who make up more than a quarter of immigrants in the U.S., to be shut out from basic health care because of harmful, outdated policies. These are our mothers, our sisters, and our neighbors. The HEAL Act tears down the barriers facing our communities and reaffirms that everyone deserves the right to care, regardless of background, income, or immigration status,” said Sung Yeon Choimorrow, Executive Director, National Asian Pacific American Women’s Forum (NAPAWF).

    “For too long, our health care system has denied immigrants equitable access to health insurance, fueling deep and unconscionable health inequities,” said Madeline Morcelle, Senior Attorney at the National Health Law Program. “The big ugly reconciliation bill before Congress threatens to lock even more immigrant families out of vital and often lifesaving coverage, widening those inequities. The National Health Law Program is proud to endorse the HEAL for Immigrant Families Act, which offers a better vision for the future: dismantling xenophobic health insurance barriers and fostering health equity and reproductive justice for all,” said Madeline Morcelle, Senior Attorney, The National Health Law Program.

    “Everyone deserves access to health care, no matter who they are or where they come from. It is unacceptable and cruel that many are denied affordable, high-quality, and comprehensive health care because of their immigration status. Amid the ongoing attacks on our immigrant communities and our health care, I thank Reps. Jayapal and Barragán and Senator Booker for reintroducing this critical bill that would break down unjust barriers to care for our immigrant families,” said Alexis McGill Johnson, President and CEO, Planned Parenthood Action Fund.

    “As a physician, I’ve witnessed the barriers immigrant families face when trying to access health care. Insurance coverage is a cornerstone of meaningful access; without it, care remains out of reach for too many. At a time when attacks on immigrant communities are escalating, we must act now to ensure that everyone—regardless of status—has the right to timely, compassionate, and comprehensive health care. That’s why I join physicians across the country in calling for a swift passage of the HEAL Act. Expanding health coverage to immigrant communities ensures they receive the care they deserve, regardless of their immigration status. Health is a human right and no one should be excluded from receiving healthcare. Congress must pass HEAL – our patients are counting on it,” said Dr. Jamila Perritt, MD, MPH, FACOG, President and CEO, Physicians for Reproductive Health.

    “With immigrant families under constant attack, it’s more important than ever to work toward a better, more inclusive future when everyone can get the care we all need. We are proud to champion the HEAL Act – a critical step toward that better future,” said Adriana Cadena, Campaign Director, Protecting Immigrant Families Coalition.

    “Now more than ever, it is critical to affirm that everyone—including immigrants—should have access to health care coverage. Immigrants already face many restrictions to such care and an onslaught of attacks on them and their families’ health and well-being, ranging from the fear created by the Administration’s mass deportation efforts to the deeply harmful budget reconciliation bill currently under consideration. The HEAL for Immigrant Families Act is a critical step in moving us back in the right direction by giving children and families access to the health care they need to thrive. CLASP is grateful to Representative Jayapal and Senator Booker for their leadership in promoting a vision that supports health care for all,” said Wendy Cervantes, Director, Immigration and Immigrant Families, CLASP.

    “A community’s health and well-being depend on ensuring all of us have access to the affordable health care we need, regardless of immigration status. The HEAL Act would remove harmful barriers to care for millions and benefit all of us. At a time when immigrant communities across the country are facing a barrage of attacks, we commend Representative Jayapal for continuing to champion a vision and policies that help everyone in our communities,” said Kica Matos, President, National Immigration Law Center.

    The HEAL for Immigrant Families Act will:

    1. Restore enrollment to full-benefit Medicaid and the Children’s Health Insurance Program (CHIP) to all federally authorized immigrants who are otherwise eligible by removing the 5-year waiting period and outdated list of “qualified immigrants” for Medicaid and CHIP eligibility;
    2. Remove discriminatory Medicare restrictions based on length of stay in the U.S. for many lawful permanent residents (LPR);
    3. End the exclusion of undocumented immigrants from Affordable Care Act (ACA) marketplaces
    4. Ensure access to public and affordable coverage for Deferred Action Childhood Arrivals (DACA) recipients;
    5. Create a state option to expand Medicaid and CHIP to immigrants regardless of immigration status.

    To read the full text of the bill, click here. 

    MIL OSI USA News

  • MIL-OSI USA: Chairman Wicker Leads SASC Hearing on CENTCOM and EUCOM Nominees

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    Watch Video Here

     

    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., Chairman of the Senate Armed Services Committee, today led a hearing to consider the nominations of two senior military officers to lead U.S. Central Command, and U.S. European Command.

     

    In his opening remarks, Chairman Wicker praised our service members for their skill and proficiency in carrying out the Operation Midnight Hammer mission to degrade Iran’s nuclear weapon capability. The Chairman also emphasized the consequential threat environments in the CENTCOM and EUCOM theaters of operations and stressed the importance of alliances in achieving peace through strength.

     

    Read Senator Wicker’s hearing opening statement as delivered.

     

    The committee meets today to consider the nominations of Vice Admiral Brad Cooper, to be Commander, United States Central Command, and Lieutenant General Alexus G. Grynkewich, to be Commander, United States European Command and Supreme Allied Commander, Europe. I welcome our nominees and their families, and I thank them for their continued willingness to serve our nation.

     

    I want to begin my remarks by recognizing the remarkable skill, courage, and professionalism displayed by the men and women of our military and intelligence communities who participated in Operation Midnight Hammer over the weekend.

     

    President Trump was right to authorize the mission to strike Iran’s nuclear facilities and address this longstanding threat to the United States. Our commander-in-chief gave Ayatollah Khamenei every chance to negotiate peacefully. The Iranian leader, however, rejected our President’s entreaties. He instead chose to continue his pursuit of a nuclear weapon and support of terrorism rather than a peaceful resolution that would have benefited the Iranian people. To be clear, the situation the Iranian regime finds itself in today is entirely of its own making.

     

    I know members of this committee will have questions about Operation Midnight Hammer and the administration’s Iran policy. I do remind my colleagues there will be a classified briefing for all senators later today with senior administration officials to address many of these questions.

     

    If confirmed, Admiral Cooper will assume command of CENTCOM in the midst of a seismic shift across the Middle East. These changes were precipitated by Hamas’ barbaric attack against Israel on October 7th, 2023. Since then, Iran’s conventional military capabilities have been severely degraded, Hezbollah’s leadership has been decimated, and Hamas has been crushed. Iran’s longtime political ally in the region – Syria’s Bashar Assad – is out of power and in exile.

     

    Iran and its terrorist allies are weaker than they have been in decades, but the job is not done.

     

    We must do all we can to support the defense of Israel and ensure that American forces in the region have what they need. I hope to hear Admiral Cooper’s unclassified assessment of recent developments and his description of the force posture and force protection requirements CENTCOM needs in order to contend with Iran, its proxies, and other threats emanating from the region.

     

    Lastly, we must not lose sight of the continuing threat posed by radical Islamist terrorist groups like ISIS and al-Qaeda. Although weakened, ISIS and al-Qaeda remain intent on killing Americans. I am interested in Admiral Cooper’s testimony about the current capabilities of terrorist groups in the region and what CENTCOM’s counterterrorism strategy should be in order to counter this threat.

     

    Now as to General Grynkewich — If confirmed, he will take command of EUCOM and NATO at a time of war and great uncertainty. Vladimir Putin continues to remind the West that Russia remains a determined enemy, one which is willing to use force to vindicate long-held grievances and to violate international law. The Russian dictator’s invasion of Ukraine has rained death and destruction upon a democratic people and serves as a warning to the world that the military threat from Russia is as relevant today as it ever has been.

     

    Indeed, earlier this month, NATO Secretary General Mark Rutte warned that “Russia could be ready to use military force against NATO within five years.” He added that Putin’s war economy “produces more munitions in three months than the whole of NATO produces in a year.” Of course, Russia is not just a danger to our NATO allies. Russia also directly threatens the homeland. Its nuclear arsenal is sized and postured to destroy the United States. The members of this committee are keen to hear General Grynkewich’s views of the threat Russia poses, as well as his plans to counter it.

     

    The United States faces a dauting challenge: We must deter, and if necessary, defeat two nuclear peer adversaries. That task highlights the important role allies play in our security. President Trump deserves considerable credit for dramatically increasing allied burden sharing, which has helped to renew NATO’s purpose. NATO is now actively debating a commitment for members to spend 5 percent of their GDP on defense.

     

    Amid this encouraging development, there are some in the Pentagon that believe the U.S. must draw down our military presence in Europe. This thinking bewilders most of us on this committee, given Russia’s aggression and the renewed willingness of allies to share our collective defense burden.

     

    Our presence in Europe helps deter Russia. It also has additional benefits, including enabling and assisting our military operations in the CENTCOM and AFRICOM areas of operation. That support is vital, especially now, as tensions once again rise in the Middle East.

     

    With that I look forward to our hearing today, and I turn to my colleague and friend, Ranking Member Reed.

    MIL OSI USA News

  • MIL-OSI USA: Chairman Wicker Leads SASC Hearing on CENTCOM and EUCOM Nominees

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    Watch Video Here

     

    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., Chairman of the Senate Armed Services Committee, today led a hearing to consider the nominations of two senior military officers to lead U.S. Central Command, and U.S. European Command.

     

    In his opening remarks, Chairman Wicker praised our service members for their skill and proficiency in carrying out the Operation Midnight Hammer mission to degrade Iran’s nuclear weapon capability. The Chairman also emphasized the consequential threat environments in the CENTCOM and EUCOM theaters of operations and stressed the importance of alliances in achieving peace through strength.

     

    Read Senator Wicker’s hearing opening statement as delivered.

     

    The committee meets today to consider the nominations of Vice Admiral Brad Cooper, to be Commander, United States Central Command, and Lieutenant General Alexus G. Grynkewich, to be Commander, United States European Command and Supreme Allied Commander, Europe. I welcome our nominees and their families, and I thank them for their continued willingness to serve our nation.

     

    I want to begin my remarks by recognizing the remarkable skill, courage, and professionalism displayed by the men and women of our military and intelligence communities who participated in Operation Midnight Hammer over the weekend.

     

    President Trump was right to authorize the mission to strike Iran’s nuclear facilities and address this longstanding threat to the United States. Our commander-in-chief gave Ayatollah Khamenei every chance to negotiate peacefully. The Iranian leader, however, rejected our President’s entreaties. He instead chose to continue his pursuit of a nuclear weapon and support of terrorism rather than a peaceful resolution that would have benefited the Iranian people. To be clear, the situation the Iranian regime finds itself in today is entirely of its own making.

     

    I know members of this committee will have questions about Operation Midnight Hammer and the administration’s Iran policy. I do remind my colleagues there will be a classified briefing for all senators later today with senior administration officials to address many of these questions.

     

    If confirmed, Admiral Cooper will assume command of CENTCOM in the midst of a seismic shift across the Middle East. These changes were precipitated by Hamas’ barbaric attack against Israel on October 7th, 2023. Since then, Iran’s conventional military capabilities have been severely degraded, Hezbollah’s leadership has been decimated, and Hamas has been crushed. Iran’s longtime political ally in the region – Syria’s Bashar Assad – is out of power and in exile.

     

    Iran and its terrorist allies are weaker than they have been in decades, but the job is not done.

     

    We must do all we can to support the defense of Israel and ensure that American forces in the region have what they need. I hope to hear Admiral Cooper’s unclassified assessment of recent developments and his description of the force posture and force protection requirements CENTCOM needs in order to contend with Iran, its proxies, and other threats emanating from the region.

     

    Lastly, we must not lose sight of the continuing threat posed by radical Islamist terrorist groups like ISIS and al-Qaeda. Although weakened, ISIS and al-Qaeda remain intent on killing Americans. I am interested in Admiral Cooper’s testimony about the current capabilities of terrorist groups in the region and what CENTCOM’s counterterrorism strategy should be in order to counter this threat.

     

    Now as to General Grynkewich — If confirmed, he will take command of EUCOM and NATO at a time of war and great uncertainty. Vladimir Putin continues to remind the West that Russia remains a determined enemy, one which is willing to use force to vindicate long-held grievances and to violate international law. The Russian dictator’s invasion of Ukraine has rained death and destruction upon a democratic people and serves as a warning to the world that the military threat from Russia is as relevant today as it ever has been.

     

    Indeed, earlier this month, NATO Secretary General Mark Rutte warned that “Russia could be ready to use military force against NATO within five years.” He added that Putin’s war economy “produces more munitions in three months than the whole of NATO produces in a year.” Of course, Russia is not just a danger to our NATO allies. Russia also directly threatens the homeland. Its nuclear arsenal is sized and postured to destroy the United States. The members of this committee are keen to hear General Grynkewich’s views of the threat Russia poses, as well as his plans to counter it.

     

    The United States faces a dauting challenge: We must deter, and if necessary, defeat two nuclear peer adversaries. That task highlights the important role allies play in our security. President Trump deserves considerable credit for dramatically increasing allied burden sharing, which has helped to renew NATO’s purpose. NATO is now actively debating a commitment for members to spend 5 percent of their GDP on defense.

     

    Amid this encouraging development, there are some in the Pentagon that believe the U.S. must draw down our military presence in Europe. This thinking bewilders most of us on this committee, given Russia’s aggression and the renewed willingness of allies to share our collective defense burden.

     

    Our presence in Europe helps deter Russia. It also has additional benefits, including enabling and assisting our military operations in the CENTCOM and AFRICOM areas of operation. That support is vital, especially now, as tensions once again rise in the Middle East.

     

    With that I look forward to our hearing today, and I turn to my colleague and friend, Ranking Member Reed.

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation and Second Review of the Policy Coordination Instrument with Tajikistan

    Source: IMF – News in Russian

    June 24, 2025

    • Tajikistan’s strong growth performance has continued into 2025, accompanied by well-contained inflation, a favorable external position and a further reduction in public debt to GDP.
    • Tajikistan’s favorable economic performance creates an opportunity to implement needed reforms to address structural vulnerabilities and support domestic job creation. Broad-based governance and transparency reforms are key to strengthening the business climate to foster more diversified private sector-led growth.
    • The Second Review under the Policy Coordination Instrument with Tajikistan was completed, with all but one of the quantitative targets for the second review met and the reform targets broadly implemented.

    Washington, DC – The Executive Board of the International Monetary Fund (IMF) completed the 2025 Article IV Consultation1 and the Second Review of the Policy Coordination Instrument (PCI)2 with Tajikistan on June 23, 2025. The authorities have consented to the publication of the Staff Report prepared for this consultation.3

    Tajikistan’s twenty-two-month program under the PCI was approved in February 2024. The PCI aims to anchor macroeconomic policies and support structural reform implementation to maintain macro-financial stability and foster more sustainable and inclusive growth. Program implementation remains broadly on track, with all but one of the quantitative targets for the second review met and the reform targets broadly implemented.

    Tajikistan’s strong growth performance has continued into 2025, accompanied by a steady improvement in macroeconomic fundamentals. Large financial inflows have contributed to a favorable external position, with FX reserves amounting to 7 months’ import coverage, while prudent fiscal policy has anchored a continued reduction in public debt to 25 percent of GDP at end-2024. Inflation remains well-contained at 3.6 percent (y/y) in April 2025. The near-term outlook remains positive, but subject to considerable regional uncertainty that could result in a less favorable external environment.

    Tajikistan’s favorable economic performance creates an opportunity to implement needed reforms to address structural vulnerabilities and support domestic job creation. Improving revenue mobilization and spending efficiency is critical to increasing space for development priorities. Monetary policy should remain vigilant and manage liquidity proactively in the context of large foreign exchange inflows and strong credit growth. Broad-based governance and transparency reforms are key to strengthening the business climate to foster more diversified private sector-led growth. 

    At the conclusion of the Executive Board’s discussion, Mr. Okamura, Deputy Managing Director, and Acting Chair, made the following statement:

    “Tajikistan’s strong growth performance in recent years has continued into 2025, accompanied by a steady improvement in macroeconomic fundamentals. Large financial inflows have contributed to a favorable external position, while prudent fiscal policy has anchored a continued reduction in public debt. The medium-term outlook remains positive, but subject to considerable regional uncertainty that could result in a less favorable external environment. 

    “The authorities’ economic program under the Policy Coordination Instrument focuses on policies to anchor macroeconomic stability and strengthen resilience against shocks while advancing governance reforms to foster more diversified and inclusive growth. Program implementation remains broadly on track, with most of the quantitative targets for the second review met and the reform targets broadly implemented. 

    “The fiscal deficit target of 2.5 percent of GDP remains an important anchor to keep public debt on a favorable medium-term trajectory. Improved revenue mobilization and spending efficiency are key to increasing fiscal space for social and development projects. The authorities have taken steps to strengthen oversight of state-owned enterprises, but greater efforts are needed to reduce quasi-fiscal losses in the electricity sector. 

    “Inflation remains well contained, but strong credit growth in the context of large financial inflows requires continued vigilance. Greater exchange rate flexibility and proactive liquidity management are essential to help manage financial inflows. The banking system has strengthened its balance sheet in recent years, supporting financial deepening, but strong lending to households warrants careful oversight to ensure prudent lending standards.

    “Tajikistan’s favorable economic performance creates an opportunity to deepen reforms to address structural vulnerabilities and support domestic job creation. Broad-based governance and transparency reforms are key to foster more diversified private sector-led growth. Reform efforts should focus on enhancing anti-corruption frameworks, improving extractive sector transparency, and strengthening institutional oversight.

    Executive Board Assessment4

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed Tajikistan’s continued strong economic performance and positive medium‑term outlook. At the same time, amid considerable regional and global uncertainty, the country remains vulnerable to a less favorable external environment, given its reliance on remittances and narrow export base. Against this background, Directors stressed that Tajikistan’s favorable economic performance creates an opportunity to deepen reforms under the PCI to support job creation and improve resilience.

    Directors welcomed the authorities’ commitment to a fiscal deficit anchor of 2.5 percent of GDP to keep public debt on a favorable medium‑term trajectory. They noted that improved revenue mobilization and spending efficiency are key to building buffers and increasing fiscal space for social and development projects. In that context, Directors encouraged the authorities to streamline tax expenditures, strengthen project oversight to enhance the efficiency of public investment, and improve targeting of social assistance. Directors welcomed the authorities’ efforts to develop the domestic debt market and expand the investor base to further deepen the market. 

    Directors noted that inflation remains well contained but cautioned that strong credit growth in the context of large financial inflows requires continued vigilance. Stressing the importance of exchange rate flexibility and proactive liquidity management to help manage these inflows, they encouraged continued efforts to deepen the FX market and strengthen liquidity absorption and monetary policy transmission. Directors also emphasized that strong lending to households warrants careful macroprudential oversight and sound financial sector regulation and supervision. 

    Directors welcomed the authorities’ focus on improved transparency and governance of state‑owned enterprises and noted recent steps to strengthen financial oversight and monitor fiscal risks. While welcoming the corrective measures to address the sizeable accumulation of arrears of the public electricity company, Directors emphasized that greater efforts are needed to improve collection rates for the largest electricity consumers and cost controls to strengthen its financial performance and reduce quasi‑fiscal losses. 

    Directors emphasized the importance of broad‑based governance and transparency reforms to foster more diversified private sector‑led growth. They welcomed the authorities’ focus on strengthening the investment climate and noted that reform efforts should continue to focus on enhancing anti‑corruption and AML/CFT frameworks, improving extractive sector transparency, and strengthening institutional oversight. It will also be important to close data quality gaps.

    It is expected that the next Article IV consultation with Tajikistan will be held on the current 24‑month cycle.

     

     

    Tajikistan: Selected Economic Indicators, 20232030

     

     

     

     

     

     

     

     

     

     

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

     

     

     

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

     

     

    National Accounts

    (percent change)

    Real GDP

    8.3

    8.4

    7.0

    5.0

    4.8

    4.5

    4.5

    4.5

    CPI inflation (end-period)

    3.8

    3.7

    4.5

    5.0

    5.0

    5.0

    5.0

    5.0

     

     

     

     

     

     

     

     

     

    General government finances

    (percent of GDP)

    Revenue and grants

    27.1

    27.9

    28.0

    28.0

    28.2

    27.5

    27.5

    27.5

    Tax revenue

    19.4

    19.0

    19.4

    19.8

    20.1

    20.9

    21.2

    21.4

    Expenditure and net lending

    28.0

    27.7

    30.5

    30.5

    30.7

    30.0

    30.0

    30.0

    Current

    16.7

    17.3

    17.2

    16.8

    16.5

    16.3

    16.3

    16.4

    Capital

    11.4

    10.4

    13.3

    13.7

    14.2

    13.7

    13.6

    13.6

    Overall balance

    -0.9

    0.3

    -2.5

    -2.5

    -2.5

    -2.5

    -2.5

    -2.5

    Total public and publicly guaranteed debt

    29.9

    24.9

    24.7

    24.8

    24.8

    25.6

    26.3

    26.9

     

     

     

     

     

     

     

     

     

    Monetary sector

    (percent change, unless otherwise indicated)

    Broad money

    -0.8

    28.8

    17.0

    11.3

    11.3

    11.3

    11.3

    11.3

    Reserve money

    -5.6

    27.0

    18.2

    10.0

    10.0

    10.0

    10.0

    10.0

    Credit to private sector

    31.9

    27.4

    15.0

    12.0

    11.0

    10.0

    10.4

    10.0

    Refinancing rate (percent, eop)

    10.0

    9.0

     

     

     

     

     

     

     

     

     

    External sector

    (percent of GDP)

    Current account balance

    4.8

    6.2

    2.5

    -0.5

    -1.9

    -2.6

    -2.2

    -2.4

    Trade balance (goods)

    -27.2

    -31.8

    -30.5

    -30.6

    -30.1

    -30.4

    -29.9

    -29.8

    FDI (net)

    0.8

    1.3

    1.3

    1.3

    1.3

    1.3

    1.3

    1.3

    Total public and publicly guaranteed external debt

    26.7

    22.3

    22.2

    22.4

    22.5

    23.1

    23.7

    24.2

     

     

     

     

     

     

     

     

     

    Sources: Data provided by the Tajikistan authorities, and Fund staff estimates. 

    1 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board

    2 The PCI is available to all IMF members that do not need Fund financial resources at the time of approval. It is designed for countries seeking to demonstrate commitment to a reform agenda or to unlock and coordinate financing from other official creditors or privateinvestors. (see https://www.imf.org/en/About/Factsheets/Sheets/2017/07/25/policy-coordination-instrument).

    3 Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Tajikistan page.

    4 At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/pr-25216-tajikistan-2025-article-iv-consultation-and-second-review-of-the-pci

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